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Author Question: 100 is to be divided among two individualsMary and Jenna. Which of the following allocations is ... (Read 325 times)

Bob-Dole

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on: Jun 29, 2018
100 is to be divided among two individualsMary and Jenna. Which of the following allocations is Pareto efficient?
 
  A) Mary receives 45, and Jenna receives 45.
  B) Mary receives 20, and Jenna receives 75.
  C) Mary receives 1, and Jenna receives 99.
  D) Mary receives 90, and Jenna receives 9.

Question 2

To maximize net revenue, a price searcher should
 
  A) set total revenue equal to total cost.
  B) set marginal revenue equal to marginal cost.
  C) set net revenue equal to zero.
  D) reduce output if marginal costs are increasing.


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leahm14

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Bob-Dole

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Reply #2 on: Jun 29, 2018
Correct answers!


leahm14

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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