Which of the Following Assumptions Does Not Apply to Edgeworth

question 5

Multiple Choice

Which of the following assumptions does not apply to Edgeworth Box discussions of general equilibrium?

• A)Indifference curves are smooth and convex to the appropriate origin.
• B)Both goods are essential for all consumers.
• C)Economic well being is determined only by the quantities consumed.
• D)All Edgeworth Box allocations are Pareto optimal.

---

Definitions:

TV Ownership

The possession or acquisition of televisions by individuals or households, reflecting a measure of technological adoption and cultural influence.

Americans

Refers to the citizens or natives of the United States of America, encompassing a wide range of cultural, ethnic, and racial groups.

1970

A year marked by significant global and national events, including environmental activism leading to the first celebration of Earth Day.

Jean-Jacques Servan Schreiber

A French journalist and politician known for his reformist views and the founding of the weekly magazine L'Express.