« previous next »

Author Question: Explain why Robin Hood's practice of stealing from the rich to give to the poor is never Pareto ... (Read 41 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jul 1, 2018
Explain why Robin Hood's practice of stealing from the rich to give to the poor is never Pareto efficient.
 
  What will be an ideal response?

Question 2

In the short run, a firm 's output level is 10 units. Its total cost is 4000 and its average fixed cost is 100. What is this firm's average variable cost (AVC) of producing 10 units?
 
  A) AVC = 250
  B) AVC = 275
  C) AVC = 300
  D) AVC = 400
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

When Robin steals from the rich, those people are made worse off. This cannot be Pareto efficient.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Iridium-Rich Layer of Clay Iridium-Rich Layer of Clay
Spectra of a Metal-Poor and a Metal-Rich Star Spectra of a Metal-Poor and a Metal-Rich Star
"Practice makes perfect" "Practice makes perfect"
Eels - That Look You Give That Guy 1 (Official Video) Eels - That Look You Give That Guy 1 (Official Video)
Give the world a reason to remember your name Give the world a reason to remember your name
Give the expression for Kf for Co(SCN)42-. Give the expression for Kf for Co(SCN)42-.
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library