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Author Question: A voluntary exchange between Mike (the purchaser) and Wayne (the seller) occurs because (Read 290 times)

tsand2

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on: Apr 19, 2019

Question 1

If some gain and some lose as the result of a change, and it can be demonstrated that the value of the gains exceeds the value of the losses, then the change is said to be


◦ potentially efficient.
◦ inefficient.
◦ unequivocally Pareto optimal.
◦ technically efficient.

Question 2

A voluntary exchange between Mike (the purchaser) and Wayne (the seller) occurs because


◦ Mike stands to gain and Wayne to lose.
◦ Mike stands to lose and Wayne to gain.
◦ they both gain from the transaction.
◦ they had no choice.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tsand2 on Apr 19, 2019

ergserg

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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.
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tsand2

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

komodo7

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Reply 3 on: Yesterday
Excellent

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