The question refers to the fundamental theorems of welfare economics

(a) State the first fundamental theorem of welfare economics including its caveats

(b) Explain the theorems usefulness

(c) With reference to the Samuelson condition explain why the theorem does not hold in the presence of public goods

(d) Explain why moral hazard may cause the First Fundamental Theorem to fail..

(e) Explain using a diagram the second fundamental theorem of welfare economics.

Please answer ALL FIVE parts of this question PRECISELY!!!

The following seven elements explain the fundamentals of sports economics for professional leagues: Advertising Attendance Fan Demand Player Salaries Team Revenues Using the diagram below, 1) place the seven elements in the appropriate box and 2) explain why you placed them there: Find the fundamental solutions to the following equation (i.e., the solutions that are between ()" and 360" ). Give your answers in degrees. 26 sec*(0) - 14 tan (0)sec(0) - 24 = 0 Please list your fundamental solutions in ascending order (smallest first ). Fundamental solution #1: Fundamental solution #2: Fundamental solution #3: Fundamental solution #4: Question Help: B Read Submit Question1. A fundamental principle in economics is that people face trade-offs. Draw a clearly labeled production possibilities frontier to illustrate society's trade-off between a clean environment and the quantity of industrial production. Show what happens to the frontier if the same amount of electricity for industrial production is derived from solar and wind energy rather than coal energy. -1. For the two parts of this question, state the appropriate distribution to use and calculate the mean, variance and the probabilities indicated: In an intermediate level economics class there are 16 students. Nine of these are economics majors. For class discussion purposes ve students are randomly selected. The probability that exactly four of the students selected are economics majors =