Business, 14.10.2020 01:01, jluvit6135
1. Whatis true at any point on the contract curve in an input (Edgeworth)box? Why do competitive markets generate (that is, result in) equilibria that are Pareto efficient in terms of inputs? (Hint: do all firms face the same price for inputs? Do profit-maximizingfirms want to minimize their costs? If so, what is true about the cost minimizing choice of inputs? Include a graph of the firm minimizing its cost given some output.)2. What is the relationship between the contract curve and the production possibility frontier? Where are the origins of the Edgeworth box on the ppf?3. What is the marginal rate of transformation (MRT)? What is the relationship between a point on the production possibility frontier (curve) and the MRT?4.Use a simple two good model to explain the difference between efficiency in production and economic efficiency. Would you agree with the statement that economic efficiency requires an efficient production, but many efficient allocations of inputs (efficiency in production) are not economically efficient?(Hint: does efficient production imply efficiency in distribution (consumption efficiency)?) Explain your reasoning with a graph.
Answers: 2
Business, 22.06.2019 08:30, bartonamber4042
What has caroline's payment history been like? support your answer with two examples
Answers: 3
Business, 22.06.2019 10:30, tigistamare03
6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next
Answers: 2
Business, 22.06.2019 17:30, brittanyjacob8
Kevin and jenny, who are both working full-time, have three children all under the age of ten. the two youngest children, who are three and five years old, attended eastside pre-school for a total cost of $3,000. ervin, who is nine, attended big kid daycare after school at a cost of $2,000. jenny has earned income of $15,000 and kevin earns $14,000. what amount of childcare expenses should be used to determine the child and dependent care credit?
Answers: 3
1. Whatis true at any point on the contract curve in an input (Edgeworth)box? Why do competitive mar...
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