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MrsAngelD MrsAngelD
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7 years ago
Any competitive equilibrium is Pareto efficient because with a competitive equilibrium,
A) the marginal rates of substitution are equal for all consumers.
B) the price line is the contract curve.
C) mutual gains from trade exist.
D) the slope of the price line equals the ratio of the MRS for all consumers.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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forrestforrest
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7 years ago
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MrsAngelD Author
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7 years ago
This site is awesome
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Brilliant
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2 hours ago
Good timing, thanks!
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