doubts

Posted by namrata on Jun 03, 2009; 4:33pm
URL: http://discussion-forum.276.s1.nabble.com/doubts-tp3019376.html

2004:6.I have got the answer (c) by applying the 1st law of welfare economics which states that competitive equilibrium is pareto efficient.so (c)is pareto effcient.Is anything wrong with this logic?
2004:7.My answer is (b).As a competitive equilibrium exists so px/py must exist.If(1,0)is the relative price then relative price doesnt exist.Is something wrong with my logic?
2004 10:could u please explain me how (a)is coming?My answer is (d).
2004:24.25:do we have to assume the economy achieves long run equilibrium?
2005:3.what is the answer
2006(15):How to show quasi convexity?
2006:22:My answer is b.How do we arrive to a?
2008:39.Could u explain how c is coming?
please answer these queries