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Author Question: 20 is to be divided among two individualsGary and Jamie. Which of the following allocations is NOT ... (Read 55 times)

mspears3

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on: Jun 29, 2018
20 is to be divided among two individualsGary and Jamie. Which of the following allocations is NOT Pareto efficient?
 
  A) Gary receives 1, and Jamie receives 19.
  B) Gary receives 19, and Jamie receives 1.
  C) Gary receives 8, and Jamie receives 9.
  D) Gary receives 15, and Jamie receives 5.

Question 2

At the profit-maximizing level of production of a monopolist, ________.
 
  A) marginal revenue equals marginal cost
  B) marginal revenue exceeds marginal cost
  C) marginal revenue is less than marginal cost
  D) both marginal revenue and marginal cost are negative


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Jayson

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


mspears3

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kusterl

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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