This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The main point of the second theorem of welfare economics is that: A) efficiency is more ... (Read 141 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
The main point of the second theorem of welfare economics is that:
 
  A) efficiency is more important than equity.
  B) efficiency may be achieved, but equity is not a feasible goal.
  C) any attempt to achieve an equitable outcome must occur off the contract curve.
  D) any equitable outcome can be achieved by reallocating the resources among the members of a society.

Question 2

Which of the following is true about the demand curve facing the dominant firm?
 
  A) It equals market demand minus fringe firms' supply curve.
  B) It is identical to market demand.
  C) It equals market demand minus demand facing the fringe firms.
  D) It is horizontal.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


jwb375

  • Member
  • Posts: 540
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Andrea Palladio, Plan of main floor (piano nobile), Villa La Rotunda. Andrea Palladio, Plan of main floor (piano nobile), Villa La Rotunda.
Sarah Sze, Triple Point (Pendulum). Sarah Sze, Triple Point (Pendulum).
Point of Intersection of 2 Circles Point of Intersection of 2 Circles
economics economics
Economics question Economics question
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library