The above figure depicts the Edgeworth box for two individuals, Al and Bruce. Considering only the labeled points, point c is a possible equilibrium
A) only if it is the endowment.
B) only if point a is the endowment.
C) if either point a or b is the endowment.
D) only if point d is the endowment.
C
Economics
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The efficient quantity of a public good is the quantity that sets the marginal social benefit from the good equal to the good's marginal social cost
Indicate whether the statement is true or false
Economics
Which of the following is not one of the three sources of technological change?
A) better machinery and equipment B) better means of organizing and managing production C) additional amounts of existing capital D) increases in human capital
Economics