Pareto optimal condition, Marketing Management

Assignment Help:

1. In a perfectly competitive world of two individuals, A and B, and two goods, X and Y, if good X is a pure public good and good Y is a private good,

a. Derive the Pareto Optimal condition

b. Compare this condition with the Pareto Optimal condition where the two goods are all private goods

c. Discuss the four categories of goods with a few examples

2. In a perfectly competitive world of two individuals, A and B, two products, X and Y (all pure private goods), and two inputs, L and K, derive the following conditions via the Edgeworth Box Diagrams:

1877_Pareto Optimal condition.png


Related Discussions:- Pareto optimal condition

What are tangible advantages in e-commerce, What are tangible advantages in...

What are tangible advantages in e-commerce? Tangible advantages are as explained below: Through the buyer’s perspective e-commerce gives very many tangible advantages: a.

Idea screening - new product development, Idea Screening In the new-pro...

Idea Screening In the new-product development process, the second step is idea screening which involves screening new manufacture ideas to spot good ideas and discard poor ones

State the classification of product, State the classification of Product ...

State the classification of Product Product can be broadly classified on the basis of (1) use, (2) durability, and (3) tangibility . Let's have a brief idea about various ca

Selection of an advertising agency by image of agency, Q. Selection of an a...

Q. Selection of an advertising agency by Image of Agency? Image of Agency:- Prior to selecting the ad-agency advertiser must enquire about its integrity, image, its ethical s

Characteristics of the sales promotion, Characteristics of the sales promot...

Characteristics of the sales promotion: 1.       Sales promotion does not include advertisement, personal selling and publicity. 2.       Sales promotion activities are

Test marketing, approaches followed by FMCG in test marketing

approaches followed by FMCG in test marketing

Customer satisfaction, three types of methods used for measuring customer s...

three types of methods used for measuring customer satisfaction

What are the intangible goods, What are the Intangible Goods Intangi...

What are the Intangible Goods Intangible goods refer to services provided to individual consumers or to organisational buyers (industrial, institutional, commercial, governm

Brand building process, Brand building process: Having understood the...

Brand building process: Having understood the basis of the brand equity, let us now turn to the brand building process. As we saw earlier, brands are built over a period of t

What is consumer satisfaction about the marketing, What is consumer satisfa...

What is consumer satisfaction about the marketing? Consumer satisfaction: Today’s customers face a growing range of choices in the products and services they can buy. The

Write Your Message!

Captcha
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