Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

Pareto optimality is the condition in which a . firms are forced to internalize the effects of all externalities. b . no change is possible

Pareto optimality is the condition in which

.

firms are forced to internalize the effects of all externalities.

.

no change is possible that will make some members of society better off without making at least one other member of society worse off.

.

it is possible to make one person better off without making someone else worse off.

.

the distribution of income is equal.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Stata For Principles Of Econometrics

Authors: Adkins, Lee C Adkins, R Carter Hill

4th Edition

111803208X, 9781118032084

More Books

Students also viewed these Economics questions

Question

★★★★★

Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $800,000. Beckett's apportionment factors for the year use the following data. Compute Beckett's B taxable...

Answered: 1 week ago

Question

★★★★★

=+If someone asked you to write an essay that went against your beliefs, would you feel better about it

Answered: 1 week ago

Question

★★★★★

On January 1, 2010, the Field Company acquired 40% of the North Company by purchasing 8,000 shares for $144,000 and obtained significant influence. On the date of acquisition, Field calculated that...

Answered: 1 week ago

Question

★★★★★

Pareto optimality is the condition in which a . firms are forced to internalize the effects of all externalities. b . no change is possible that will make some members of society better off without...

Answered: 1 week ago

Question

★★★★★

Your report states that you located directional spatter on the defendant s left shoe. Can you explain how you determined that? Can you tell me when the spatter was deposited on the shoe?

Answered: 1 week ago

Question

★★★★★

The temperature T = T(x,y) in C at point (x,y) satisfies Tx (1,2)=4 and Ty (1,2)=-8. If 4t-4 x = e t=1 sec. cm and y = 2 + In t cm, find the rate at which the temperature T changes when When t = 1...

Answered: 1 week ago

Question

★★★★★

Exercise: Let f(x) = 8x-4 - (a) Plot the graph of f(x) and f'(x). (b) Identify the points where f(x) is not differen- tiable..

Answered: 1 week ago

Question

★★★★★

. Straight rankings . Paired comparisons . Forced distribution Critical incident method

Answered: 1 week ago

Question

★★★★★

In the "Short-Answer Questions" section found in Chapter 16, answer question 1. In your explanation, describe in detail why litigation may not be as cost efficient as other methods of dispute...

Answered: 1 week ago

Question

★★★★★

Briefly describe 3 key lessons learned from reading Simon Sinek's book "Start with Why"?

Answered: 1 week ago

Question

★★★★★

Students may first discuss the nature of the stressors and then identify from a list the principal stressors for the teacher of the school in question.

Answered: 1 week ago

Question

★★★★★

Regarding Robert Bosch: Please look into other countries wherein the company operates or compare this company with another company or national context you are familiar with: What aspects of the Bosch...

Answered: 1 week ago

Question

★★★★★

Explain the importance of teacher competences for the achievement of educational goals. What are the principal competences that the teachers of the school in question should possess to keep the pace...

Answered: 1 week ago

Previous Question Next Question