Actions based on the more general Pareto criteria are preferable ...

[rachel9]

Actions based on the more general Pareto criteria are preferable to actions based on application of interpersonal utility calculations.
 
  a. True b. False

Question 2

Does this production function, q = 10L0.5K0.3, experience increasing, decreasing or constant returns to scale?
 
  A) Decreasing because a 100 increase in inputs increases outputs by 80.
  B) Increasing because an 80 increase in inputs increases outputs by 100.
  C) Decreasing because 0.5 + 0.3 < 1.
  D) A and C.

[otokexnaru]

Answer to Question 1

a

Answer to Question 2

D