« previous next »

Author Question: Explain why Robin Hood's practice of stealing from the rich to give to the poor is never Pareto ... (Read 30 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jul 1, 2018
Explain why Robin Hood's practice of stealing from the rich to give to the poor is never Pareto efficient.
 
  What will be an ideal response?

Question 2

In the short run, a firm 's output level is 10 units. Its total cost is 4000 and its average fixed cost is 100. What is this firm's average variable cost (AVC) of producing 10 units?
 
  A) AVC = 250
  B) AVC = 275
  C) AVC = 300
  D) AVC = 400
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

When Robin steals from the rich, those people are made worse off. This cannot be Pareto efficient.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

The family of a soldier in the 31st Philadelphia Infantry camps near Washington, DC. Although both a The family of a soldier in the 31st Philadelphia Infantry camps near Washington, DC. Although both a
Reaction 6: Generation of the First Energy-Rich Compound Reaction 6: Generation of the First Energy-Rich Compound
Eels - That Look You Give That Guy 1 (Official Video) Eels - That Look You Give That Guy 1 (Official Video)
Robin Roberts Robin Roberts
Please fully explain in detail Please fully explain in detail
Erosion Due to Poor Farming Practices Erosion Due to Poor Farming Practices
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library