« previous next »

Author Question: If the initial distribution of two goods between two people is Pareto optimal, which of the ... (Read 115 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: Jul 1, 2018
If the initial distribution of two goods between two people is Pareto optimal, which of the following statements is TRUE?
 
  A) It is possible to reallocate the goods between the two people so as to increase the utility of both people.
  B) It is possible to reallocate the goods between the two people so as to increase the utility of one person without decreasing the utility of the other.
  C) It is possible to reallocate the goods between the two people so as to increase the utility of one person, but only at the expense of the other person.
  D) It is impossible to reallocate the goods between the two people so as to increase either person's utility.
  E) none of the above

Question 2

Refer to Scenario 12.3. What will be the price of this new drink in the long run if the industry is a Stackelberg duopoly?
 
  A) 3
  B) 9
  C) 12
  D) 13.50
  E) none of the above


dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

The formation of a chimeric gene that is found in people with certain forms of leukemia. The formation of a chimeric gene that is found in people with certain forms of leukemia.
An illustration of the helium atom, depicting the nucleus (pink) and the electron cloud distribution An illustration of the helium atom, depicting the nucleus (pink) and the electron cloud distribution
The typical distribution of neurofibrillary tangles and amyloid plaques in the brains of patients ... The typical distribution of neurofibrillary tangles and amyloid plaques in the brains of patients ...
The Distribution of Water on Earth The Distribution of Water on Earth
Distribution of sex chromosomes from generation to generation. All children receive an X chromosome Distribution of sex chromosomes from generation to generation. All children receive an X chromosome
The frequency distribution of the allele in Africa, Southern Europe, the Middle East The frequency distribution of the allele in Africa, Southern Europe, the Middle East
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library