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Author Question: If everyone's utility is given equal weight and a change in resource allocation results in one ... (Read 41 times)

fasfsadfdsfa

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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
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mbcrismon

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


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