Makes this event pareto optimal

Assignment Help Business Economics
Reference no: EM13774261

Harry values a new jacket at $100 and buys it from Jenny at $80 (costing her $70 to produce it). Jim then offers Harry the same jacket at $60. Harry buys the jacket from Jim, and stops buying it from Jenny. Which of the following makes this event Pareto optimal?

A) Harry and Jim join to give Jenny $70.

B) Harry pays Jim $80.

C) Harry gives Jenny $30.

D) Harry gives Jenny $11.

Reference no: EM13774261

Questions Cloud

Suppose that the equilibrium nominal exchange rate : Suppose that the equilibrium nominal exchange rate is 130 Japanese yen to the U.S. dollar. If the Federal Reserve wishes to maintain an exchange rate of 140 Japanese yen to the U.S. dollar, it must meet the private excess ________ dollars in the fore..
Which testing company should be picked if the project manage : A Project Manager wants to pick the most efficient vendor to test a new prototype. He has previous experience with 3 testing companies. Prototype testing is a highly variable activity as shown in the table below. (HINT: For example, Company X complet..
Foreign-exchange markets and buys foreign currencies : If a central bank intervenes in the foreign-exchange markets and buys foreign currencies:
Fixed exchange rate and unrestricted capital flows : Suppose that a country has a fixed exchange rate and unrestricted (financial) capital flows. Which of the following would the country NOT experience?
Makes this event pareto optimal : Harry values a new jacket at $100 and buys it from Jenny at $80 (costing her $70 to produce it). Jim then offers Harry the same jacket at $60. Harry buys the jacket from Jim, and stops buying it from Jenny. Which of the following makes this event Par..
About a lingering recession : In 1992, thirst Bush administration was worried about a lingering recession. The administration announced that households would receive a reduction in their taxes for the year 1992. However, this was not accompanied by a reduction in tax rates, and t..
How much interest will be paid over the term of the loan : The selling price of a house is $1,375,000. You have enough money for a 15% down payment with the balance authorized at 4% annual compounded monthly for 30 years. How much will the monthly payments be? How much interest will be paid over the term of ..
What is the future worth of equal quarterly payment series : What is the future worth of an equal quarterly payment series of $2500 for 10 years if the annual interest rate is 9% compounded monthly?
How low much a quota be to have an impact on trade : How low much a quota be to have an impact on trade? Using a demand -and -supply diagram, illustrate and explain the net welfare loss from imposing such a quota. Under what circumstances would the net welfare loss from an import quota exceed the net w..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Labor supplied decrease if the tax elasticity of supply

By how much might the quantity of labor supplied decrease if the tax elasticity of supply were 0.20 and the marginal tax rate increased from 35 to 39 percent?

  Qin 2009-2010 when the economy was in a deep slump the fed

q.in 2009-2010 when the economy was in a deep slump the fed had taken interest rates to zero increase in money supply

  Qamazon instant video charges 4 per movie rental per day if

q.amazon instant video charges 4 per movie rental per day. if your demand curve for movie rentals is given by p 16-3q

  Unexpected inflation

Calculate and interpret the own price, cross price, and income elasticity of demand.

  Why would it ever be used in the short-run

If we know that expansionary monetary policy cannot create real economic growth in the long-run, why would it ever be used in the short-run?

  Presently lower than the profit maximizing level

You have become concerned to the rm's sales are presently lower than the profit maximizing level, given the marginal cost of $1500 per workstation.

  Draw overall production possibilities frontier

Bertie’s Boards has 2 factories in Malibu and Denver that were originally dedicated solely to skateboard production. As it turns out though, each of the factories could be used to produce both skateboards and surfboards. Draw the overall production p..

  How could you use the concepts of marginal cost

How could you use the concepts of marginal cost and marginal revenue to maximize profit? What information do you need to determine this? Without this information, how would you make a decision?

  Sell as large a quantity of their potato crop

Idaho farmers can sell as large a quantity of their potato crop as they which,

  What should the nominal exchange rate

Suppose that an automobile costs $30,000 in the United States and 25,000 Euros in France. Further suppose that the exchange rate is .8 (one US dollar = .8 Euros).

  What is the present value of costs under option a

What is the present value of costs under option A? Under option B? Which is the better option? (b)* Given that she is going to stay in business for another seven years, should she be considering other options??

  Q remington inc purchases a machine that costs 700000 and

q. remington inc. purchases a machine that costs 700000 and has an estimated useful life of 10 years a macrs property

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