Question: just answer the question 2 Question 2 (8 points) The result that every competitive equilibrium is Pareto efficient The Second Fundamental Theorem of Welfare Economics

 just answer the question 2 Question 2 (8 points) The result

just answer the question 2

that every competitive equilibrium is Pareto efficient The Second Fundamental Theorem of

Question 2 (8 points) The result that every competitive equilibrium is Pareto efficient The Second Fundamental Theorem of Welfare Economics Walras's Law Edgeworth's condition The First Fundamental Theorem of Welfare Economics Question 3 (8 points) Assume there are two consumers (A and B) in an economy that have preferences that can be represented as cobb-douglas utility functions. Also assume that there are two firms that have concave production possibility frontiers over goods x and y. Which of the following conditions must be true for an allocation to be pareto

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