In class we proved that the competitive equilibrium of the


In class, we proved that the competitive equilibrium of the one-period simple economy is Pareto optimal, analytically. We also showed the graphical representation of finding the competitive equilibrium (by means of drawing production possibility frontier). Can you show that the competitive equilibrium is Pareto optimal, using the graphical approach? 

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Business Economics: In class we proved that the competitive equilibrium of the
Reference No:- TGS01553211

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