« previous next »

Author Question: The key difference between the Pareto optimality and Pareto superiority is that ______. a. Pareto ... (Read 335 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?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Everyone has one nostril that is larger than the other.

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?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Thyroid conditions may make getting pregnant impossible.

The difference between mieosis and mitoses The difference between mieosis and mitoses
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 ...
Resting Membrane Potential: Voltage Difference Resting Membrane Potential: Voltage Difference
Sensitivity study for facial difference Sensitivity study for facial difference
An electron is accelerated from rest through a potential difference of 3750 V. It enters a ... An electron is accelerated from rest through a potential difference of 3750 V. It enters a ...
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 ...
Video: Asthma Treatment

For a complete list of videos, visit our video library