Points outside the production possibilities curve are
A) consumer equilibrium points.
B) endowment points.
C) unattainable.
D) producible.
Correct Answer:
Verified
Q1: Pareto efficient points in the Edgeworth Box
Q2: There is only one Pareto efficient point
Q3: A utility possibilities curve need not incorporate
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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