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Your economics professor decides to cancel one of three scheduled tests because a large number of snow days led to the cancellation of classes. Of
Your economics professor decides to cancel one of three scheduled tests because a large number of snow days led to the cancellation of classes. Of the 30 students in the class, 29 of them are in favor of this idea and 1 is not in favor. The new number of exams ____ a Pareto improvement because ____.
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a) is; almost all of the students are better off
b) is; the total utility increases
c) is not; one student is worse off
d) is not; the total utility decreases
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