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

Author Question: You value your favorite shirt at $100. Someone else values it at $80, and that person is willing to ... (Read 57 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Apr 19, 2019

You value your favorite shirt at $100. Someone else values it at $80, and that person is willing to pay you $80 for your shirt. Would selling your shirt to this person for $80 be Pareto efficient?


◦ Yes, because any time you engage in trade, the result must be Pareto efficient.
◦ No, the person paid you $80 for the shirt so his net benefit was $0, while your net benefit was -$20. For this change to be Pareto efficient, each of you should have the same net benefit.
◦ Yes, because even though you lose from the trade and he gains, there is the potential for him to compensate you for your loss.
◦ No, because both of you are not better off as a result of the trade.
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 DyllonKazuo on Apr 19, 2019

voltaire123

  • Sr. Member
  • ****
  • Posts: 301
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 55% of students answer this correctly


DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Apr 19, 2019
Thank you!


voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care
Specialized values and interests are two of the characteristics that mark subcultures. What values ... Specialized values and interests are two of the characteristics that mark subcultures. What values ...
How to solve inequalities involving absolute values (Part 1) How to solve inequalities involving absolute values (Part 1)
A Breathalyzer is used to measure a person's blood alcohol concentration (BAC) A Breathalyzer is used to measure a person's blood alcohol concentration (BAC)
Decimal Values as They Relate to the Location of the Decimal Point Decimal Values as They Relate to the Location of the Decimal Point
Finding the graph of a Parabola using certain values Finding the graph of a Parabola using certain values
Video: Hemodynamics Animation

For a complete list of videos, visit our video library