This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If more output could be produced with the same amount of inputs (Read 94 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Apr 19, 2019

Question 1

Assume some gain and some lose as the result of a change. If we can demonstrate the value of the gains are less than the value of the losses, then we say the change is


◦ potentially efficient.
◦ inefficient.
◦ unequivocally Pareto optimal.
◦ technically efficient.

Question 2

If more output could be produced with the same amount of inputs


◦ it is possible to make some people better off without making others worse off.
◦ it is not possible to make some people better off without making others worse off.
◦ no one can be made better off, but some will be made worse off.
◦ everyone must be made better off.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by JMatthes on Apr 19, 2019

GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


JMatthes

  • Hero Member
  • *****
  • Posts: 578
Reply #2 on: Apr 19, 2019
Thank you!


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

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?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

A demonstration engine showing the amount of water that can be circulated through the cooling ... A demonstration engine showing the amount of water that can be circulated through the cooling ...
When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV. When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV.
France has produced most of its energy from nuclear power since the oil crisis of the 1970s France has produced most of its energy from nuclear power since the oil crisis of the 1970s
Light beer has about the same amount of alcohol as regular beer Light beer has about the same amount of alcohol as regular beer
The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum
Calico coat, produced by X inactivation in female cats Calico coat, produced by X inactivation in female cats
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library