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corie corie
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6 years ago
Refer to Scenario 16.3.  Is the current distribution Pareto optimal?
A) Yes.
B) No, as Sam has more of both goods.
C) No, as it is possible to find a way for Sam to sell tee shirts to Sally (and receive candy in return) that would make both of them better off.
D) No, as it is possible to find a way for Sam to sell candy to Sally (and receive tee shirts in return) that would make both of them better off.
E) Without knowing the prices of tee shirts and candy we cannot determine if this distribution is Pareto optimal.
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Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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6 years ago
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corie Author
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6 years ago
Helped a lot
Cdfields
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Yesterday
Thanks
lubennick
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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