A parent has a pile of toys to divide between two children

Assignment Help Business Economics
Reference no: EM13742052

A parent has a pile of toys to divide between two children. Assume that there is an even number of each toy. What method of dividing the toys ensures that the final division is efficient?

A) Divide the pile equally

B) Give each toy to the child who cries the loudest

C) Divide the pile so that each child is equally happy

D) Let one child dived the pile into two parts, and the other child decide who gets which part

E) Divide the pile arbitrarily, and then let the children trade toys until there are no more mutually beneficial trades

Reference no: EM13742052

Questions Cloud

What elements the profession remain unchanged : What elements the profession remain unchanged? What elements are completely different? Identify THREE objects/behaviors we have seen in our course materials that have impressed you.
Economy is in a steady state : Consumption per worker is 72, depreciation is 12.5%, and capital per worker is 64. Given the production function y = 20 , show that this economy is in a steady state.
What signs and symptoms did greg exhibit : What signs and symptoms did Greg exhibit when he was in the house and Was Mrs. Myron correct when she said that Greg was dehydrated
Social surplus created by eradicating polio : Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in that society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social..
A parent has a pile of toys to divide between two children : A parent has a pile of toys to divide between two children. Assume that there is an even number of each toy. What method of dividing the toys ensures that the final division is efficient?
Each housing has two bearings and one shaf : As the production planner for Scott Sampson Products, Inc., you have been given a bill of material for a bracket that is made up of a base, two springs, and four clamps. The base is assembled from one clamp and two housings. Each clamp has one handle..
Airlines announced a new round of fare discounts : Delta and Southwest Airlines announced a new round of fare discounts. In response Sangita Woerner, Vice President of Marketing at Alaska Airlines, said, “It’s unlikely that we will match these fare reductions because we do not anticipate any negative..
Draw the opportunity set of a consumer with an income : Draw the opportunity set of a consumer with an income of $1200 who faces prices of Px = 10 and Py = 5. What is the market rate of substitution between the two goods?
Vlans are a common element in business communications : VLANs are a common element in business communications and mobile connectivity. Identify and discuss the characteristics of VLANs and why they are important to business operations. Provide examples to support the characteristics you identified in your..

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what is equilibrium price of box

Illustrate what is equilibrium price of box. Is this long-run equilibrium price. Explain how many firms are in this industry when it is in long-run equilibrium.

  Is your company sells instant noodles

If you advertise and your rival does not, you will make $ 10 million and your rival will make $ 3 million. If your rival advertises and you do not, you will make $1 million and your rival will make $ 3 million.

  Describe the effects of decrease in the population growth

Describe the effects of decrease in the population growth rate on the golden rule quantity of capital per worker and on the golden rule savings rate.

  Determine optimal number of plants that firm should have

Determine optimal number of plants that firm should have to take full advantage of market demand. Compare firm's profit with multiple plants with its profit with a single plant.

  Higher risk-averseness

Higher risk-averseness will: a) increase the demand for health insurance b) reduce the demand for health insurance c) have no impact on health insurance demand

  What occurs when a new technology makes another one obsolete

Explain what occurs when a new technology makes another one obsolete in terms of economic profit.

  Which firm do you expect to produce more

In a Cournot equilibrium, where both firms produce positive amounts of output, which firm do you expect to produce more. Explain your answer.

  Is the prevailing exchange rate at an equilibrium level

What is the difference between the rate of return between dollar and euro deposits? Is the prevailing exchange rate at an equilibrium level?

  I firms often face the problem of allocating an input in

i firms often face the problem of allocating an input in fixed supply among different products. nbspfind the optimal

  What would total cost be if the firm faces constant returns

The firm increases its entire size until it makes 30,000 units a week. What would total cost be if the firm faces constant returns to scale?

  An

an airlinenbspisnbspinterestednbspinnbspthenbsprelationshipnbspbetweennbsptwonbsproutesnbsp-nbspthenbspnew york-to-los

  Qcountry economic analysis report country for indiacollect

q.country economic analysis report country for indiacollect the following data for the most recent year available1 gdp

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd