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Author Question: Pareto optimality and Pareto superiority _____. a. concern only monetary gains and losses b. ... (Read 302 times)

awywial

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  • Posts: 577
on: Jul 1, 2018
Pareto optimality and Pareto superiority _____.
 
  a. concern only monetary gains and losses
  b. compare utility gains with utility losses
  c. do not require interpersonal utility comparisons
   d. are equivalent to the concept of economic efficiency

Question 2

An organization that converts inputs (like Labor, Capital etc.) into output can be a
 
  A) firm.
  B) sole proprietorship.
  C) corporation.
  D) All of the above.


jaygar71

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

D


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