Trade Between Two Consumers Will Continue Until It Is No

question 12

Multiple Choice

Trade between two consumers will continue until it is no longer mutually beneficial.This does not imply that the final outcome will be a unique equilibrium because _____.

• A)the exchange is not competitive
• B)the consumers are both price takers
• C)the Pareto optimality condition is not satisfied
• D)the marginal rates of substitution differ for both consumers

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Definitions:

Spindle Fibers

Filaments formed during cell division that help segregate chromosomes into the daughter cells.

Cytokinesis

The process during cell division in which the cytoplasm of a single eukaryotic cell is divided to form two daughter cells.

Cytokinesis

The division of the cytoplasm of a cell at the end of mitosis or meiosis, bringing about the separation into two daughter cells.

Telophase

The final stage of cell division (mitosis and meiosis), where chromosomes decondense, nuclear membranes reform, and cytokinesis typically begins.