« previous next »

Author Question: If everyone's utility is given equal weight and a change in resource allocation results in one ... (Read 81 times)

fasfsadfdsfa

  • Hero Member
  • *****
  • Posts: 554
on: Jul 1, 2018
If everyone's utility is given equal weight and a change in resource allocation results in one person's gain exceeding another person's loss, we can say that the new allocation
 
  A) is Pareto superior to the original one.
  B) increases social welfare.
  C) decreases social welfare.
  D) is efficient.

Question 2

If the costs of labor and capital increase in the same proportion, the isocost line will
 
  A) stay the same.
  B) shift outward in a parallel fashion.
  C) rotate inward around the point where only capital is employed in production.
  D) shift inward in a parallel fashion.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


mbcrismon

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Elder Care Resource Phone Numbers Elder Care Resource Phone Numbers
Monitoring and Following Up on Laboratory Test Results Monitoring and Following Up on Laboratory Test Results
If the gauge reading is now much higher than the first test results, then the cause of the low ... If the gauge reading is now much higher than the first test results, then the cause of the low ...
Weight management is such a hot topic in the United States that it is frequently Weight management is such a hot topic in the United States that it is frequently
BMI Chart Weight Chart BMI Chart Weight Chart
Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library