explanation and justify the condition of pareto optimality and verify the defination of contrect curve.
statment;
reallocation of the resources from 1 efficient point to another efficient point that cause the production of x increase and production of y decrease hold the condition of contrect curve.
statment;
reallocation of the resources of the resources that cause the production of x increase and production of y decreased to 1 efficient point to anotther efficient point also defined the contrect curve.

Posted Date: 9/19/2012 6:42:26 AM | Location : United States

Ask an Expert

Related Discussions:- pareto graphs, Assignment Help, Ask Question on pareto graphs, Get Answer, Expert's Help, pareto graphs Discussions

Write discussion on pareto graphs
Your posts are moderated

Write your message here..

Related Questions

Public relations process, Question 1: ‘Public Relations professionals m... Question 1: ‘Public Relations professionals must understand how public opinion is formed, how it evolves from people's attitudes, and how it is influenced by communication.' D

Perfect Complements, An economy has two agents and two goods. Utilities are... An economy has two agents and two goods. Utilities are given by UA=min{xA,0.5yA} and UB=min{xB,0.5yB}. The total amount of X in the economy is 10. The total amount of Y is also 10.

Tiebourt model, what is it what is it

Compare and contrast, essay? essay?

Environment economic, A dam is proposed on a stretch of wild river, a river... A dam is proposed on a stretch of wild river, a river that is currently used for recreation. The dam will generate electricity. The dam will have a useful life of 50 years, after w

Is heterogeneity the sole cause of conflict of interests, Q. Is Heterogenei... Q. Is Heterogeneity the sole cause of conflict of interests? Explain heterogeneity as a cause of variation of aspirations of agents leading to formation of various special inte

Side payments, 3 voters, A, B, and C, will decide by majority rule whether ... 3 voters, A, B, and C, will decide by majority rule whether to pass bills on issues X and Y. Every of the two issues will be voted on indiviually. The change in net profits (in dol

Cost-based methods - replacement cost , Normal 0 false false ... Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Cost-based methods - preventive expenditure , Normal 0 false ... Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

What do you understand by policy process, Q. What do you understand by Poli... Q. What do you understand by Policy Process? Begin from theoretical frame work of policy making and proceed breaking various assumptions and introducing heterogeneity of agents