« previous next »

Author Question: If the initial distribution of two goods between two people is Pareto optimal, which of the ... (Read 76 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: Jul 1, 2018
If the initial distribution of two goods between two people is Pareto optimal, which of the following statements is TRUE?
 
  A) It is possible to reallocate the goods between the two people so as to increase the utility of both people.
  B) It is possible to reallocate the goods between the two people so as to increase the utility of one person without decreasing the utility of the other.
  C) It is possible to reallocate the goods between the two people so as to increase the utility of one person, but only at the expense of the other person.
  D) It is impossible to reallocate the goods between the two people so as to increase either person's utility.
  E) none of the above

Question 2

Refer to Scenario 12.3. What will be the price of this new drink in the long run if the industry is a Stackelberg duopoly?
 
  A) 3
  B) 9
  C) 12
  D) 13.50
  E) none of the above


dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Earthquakes Don’t Kill People—Collapsing Buildings Do Earthquakes Don’t Kill People—Collapsing Buildings Do
Distribution of Neandertal sites in Europe and western Asia. Distribution of Neandertal sites in Europe and western Asia.
Some people have begun to “attend” church as avatars. Some people have begun to “attend” church as avatars.
Despite the globe’s vast social change, people all over the world continue to make race a ... Despite the globe’s vast social change, people all over the world continue to make race a ...
Schematic drawing of initial/terminal (I/T) lymph vessel. Schematic drawing of initial/terminal (I/T) lymph vessel.
Average Distribution of Incoming Solar Radiation Average Distribution of Incoming Solar Radiation
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library