« previous next »

Author Question: The key difference between the Pareto optimality and Pareto superiority is that ______. a. Pareto ... (Read 264 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
The key difference between the Pareto optimality and Pareto superiority is that ______.
 
  a. Pareto optimality is incompatible with utilitarianism, while Pareto superiority is compatible
  b. Pareto superiority is superior to Pareto optimality
  c. Pareto optimality requires interpersonal utility calculations, while Pareto superiority does not
   d. Pareto optimality refers to a state of the world while Pareto superiority compares two states of the world

Question 2

If the utility function (U) between food (F) and clothing (C) can be represented as U = , the marginal rate of substitution of clothing for food equals
 
  A) -C/F.
  B) -F/C.
  C) - .
  D) - .
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


kjo;oj

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

d

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

jwb375

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jul 1, 2018
Correct answers!


kjo;oj

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Flower part number is a characteristic difference between monocots and eudicots Flower part number is a characteristic difference between monocots and eudicots
The slight (5 microsecond) difference in the firing of the companion cylinders is enough time to ... The slight (5 microsecond) difference in the firing of the companion cylinders is enough time to ...
A difference in oxygen content between the atmosphere and the exhaust gases enables an O2S to ... A difference in oxygen content between the atmosphere and the exhaust gases enables an O2S to ...
Difference-Between-Carbohydrates-and-Lipids-infographic Difference-Between-Carbohydrates-and-Lipids-infographic
An electron is accelerated from rest through a potential difference. After acceleration the ... An electron is accelerated from rest through a potential difference. After acceleration the ...
Difference between the house and the senate Difference between the house and the senate
Video: Energy sources - types

For a complete list of videos, visit our video library