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.

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