« previous next »

Author Question: If everyone's utility is given equal weight and a change in resource allocation results in one ... (Read 32 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?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Crossing Over Results in Genetic Recombination Crossing Over Results in Genetic Recombination
Climate change by international treaty Climate change by international treaty
Normal change in sea level Normal change in sea level
Three Pieces of the Long-Term Weight-Loss Puzzle Diet Three Pieces of the Long-Term Weight-Loss Puzzle Diet
Epigenetic changes to DNA, such as methylation, change patterns of gene expression by activating or Epigenetic changes to DNA, such as methylation, change patterns of gene expression by activating or
Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ... Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ...
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library