Let Y = F (X) Be a Function with Domain

question 14

Multiple Choice

Let y = f (x) be a function with domain D = [ -9, -3 ] and range R = [ -4, -3 ]. Find the domain D and range R for the function

---

Definitions:

Pareto Efficient Allocations

refers to an economic situation where no individual can be made better off without making someone else worse off.

First Theorem of Welfare Economics

A principle stating that, under perfect competition and with no externalities, the allocation of resources where supply equals demand leads to a Pareto efficient outcome.

Competitive Equilibrium

A state in a market where supply equals demand, with price acting as the balancing factor, and all economic agents are optimizing their outcomes.

Pareto Optimum

An economic state where resources are allocated in a manner that precludes the possibility of bettering one's situation without causing harm to another.