Pareto efficient points in the Edgeworth Box are
A) found when indifference curves are tangent.
B) found when one person cannot be made better off without making another person worse off.
C) found when MRS are equal.
D) all of these answers are correct.
Correct Answer:
Verified
Q2: There is only one Pareto efficient point
Q3: A utility possibilities curve need not incorporate
Q4: Points outside the production possibilities curve are
A)consumer
Q5: Points on the utility possibilities curve are
A)inefficient.
B)not
Q6: The First Fundamental Theorem of Welfare Economics
Q7: The Edgeworth Box should
A)never touch the production
Q9: The utility possibilities curve is derived from
Q10: A social welfare function
A)can never be derived
Q11: A public good is
A)always provided by the
Q16: When the First Fundamental Theorem of Welfare
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