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Author Question: If more output could be produced with the same amount of inputs (Read 93 times)

JMatthes

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on: Apr 19, 2019

Question 1

Assume some gain and some lose as the result of a change. If we can demonstrate the value of the gains are less than the value of the losses, then we say the change is


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

Question 2

If more output could be produced with the same amount of inputs


◦ it is possible to make some people better off without making others worse off.
◦ it is not possible to make some people better off without making others worse off.
◦ no one can be made better off, but some will be made worse off.
◦ everyone must be made better off.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by JMatthes on Apr 19, 2019

GCabra

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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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JMatthes

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Reply #2 on: Apr 19, 2019
Thank you!


GCabra

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Reply #3 on: Apr 19, 2019
Always glad to help...


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