Nobody downloaded yet

Short Answer Questions: Pareto Efficiency - Essay Example

Comments (0) Cite this document
Summary
In the paper “Short Answer Questions: Pareto Efficiency” the author discusses an allocation of resources of Pareto Efficiency in the form of questions and answers. He concluded that it is possible to have a Pareto efficient allocation where someone is worse off. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Short Answer Questions: Pareto Efficiency
Read TextPreview

Extract of sample "Short Answer Questions: Pareto Efficiency"

Download file to see previous pages What is the condition of Pareto efficiency in a pure exchange economy?
Explain?
Answer: The economic intuition of it.
In pure exchange economy, a strongly Pareto efficiency is a weak allocation of Pareto efficient. There usually is no existing possible allocations. The realization would cause each person to gain. N economics, in case allocation of a system is not Pareto efficient, it is said that there is a potential Pareto improvement, thus increase in Pareto efficiency.

c) What is the condition of Pareto efficiency in a production economy? Explain the? Answer: Economic intuition of it.
e) Is it possible to have a Pareto efficient allocation where someone is worse off than? He is at an allocation that is not Pareto efficient?
Answer: It is possible to have a Pareto efficient allocation where someone is worse off. This is because a weak Pareto is a string efficiency allocation Pareto.
f) Is it possible to have a Pareto efficient allocation where everyone is worse off? No Than they are at an allocation that is not Pareto efficient? No
D) Can some individual be made better off if we are at a Pareto efficient allocation?
Answer: An individual can be made better off at Pareto efficient allocation because if parent efficiency does not exist, a potential increase exists.
2) What is a contract curve? Show it with the help of a diagram. If you know the contract curve, can you tell the outcome of any trading? ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Short Answer Questions: Pareto Efficiency Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1700704-short-answer-questions-pareto-efficiency
(Short Answer Questions: Pareto Efficiency Essay Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/macro-microeconomics/1700704-short-answer-questions-pareto-efficiency.
“Short Answer Questions: Pareto Efficiency Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/macro-microeconomics/1700704-short-answer-questions-pareto-efficiency.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Short Answer Questions: Pareto Efficiency

Short Answer Questions

...?SHORT ANSWER QUESTIONS Short Answer Questions Word Count: 2,250 (9 pages) 4. What questions might you ask yourself about your chosen topic during your brainstorming process to make it better? How do these questions help? I feel that asking a variety of questions would really help me in the brainstorming process in order to make my chosen topic that much more specific. Asking such questions would help me clarify the elements of the brainstorming process that both are and are not going well. Such questions that I would ask include the following. How am I...
9 Pages(2250 words)Book Report/Review

Short Answer Questions

...? CHRONIC MEDICAL CONDITIONS AND PHARMACOLOGICAL CHALLENGES Chronic medical conditions and pharmacological challenges 1. Briefly discuss at least three key reasons why chronic medical conditions have a significant effect on health care service provision in the pre-hospital setting. Chronic medical conditions are those ailments that persist for at least six months and the most common include cancer, asthma, HIV, diabetes mellitus, stroke, cardiovascular disease and musculoskeletal conditions. Chronic disease management enables general practitioners to plan and also coordinate healthcare for patients with chronic conditions (AU., 2013).The plan will also incorporate other healthcare provides or specialists in case... CHRONIC MEDICAL CONDITIONS...
6 Pages(1500 words)Essay

Answer short questions

...? History and Political Science 18 July Answers to Short Questions Why can the Tempest by Shakespeare be looked upon as an allegory of the European arrival in America? Who do some of the Shakespearian characters represent? The tempest by William Shakespeare was among his last solo-authored play. It was also the first play to be written in the first folio of his collected books. Unlike the other plays he has written with many pages, the Tempest is very simple because it has only nine scenes. The Tempest tells of a story of a usurped duke and the ship wreck he arranges in order to avenge (Shakespeare 2). The whole play is about mastery and rule. It is a play that represents colonization by the English colonizers and their expansion... ). What...
8 Pages(2000 words)Essay

Psychology Short Answer Questions

...PS111 Assignment 2 (Section 2) ANSWER BOTH QUESTION AND QUESTION (2 a) In binocular vision, what is meant by the term corresponding points Corresponding points are the points on the retina in which there is zero binocular disparity. The retinal positions of the various pairs of corresponding areas can be determined by projecting each point of the horopter upon the two retina in accordance with the principles of optical inversion. In any given degree of ocular convergence there exists a pair of points one on each retina and onto each of these points is projected the point in the field of vision. Should the left retina and its image be superimposed over the right retina and its image,...
6 Pages(1500 words)Essay

Short answer questions

.... Given the information from question 1, now say that the workers whom Karen hires get trained in new technology and learn new skills. This causes them to become more productive. Karen’s firm is the only firm to use this technology, and training does not improve the productivity of workers in firms outside of Karen’s firm. a) Will this change the quantity of workers whom Karen hires? Explain your answer. b) Will this change the wage rate of the workers in Karen’s firm? Explain your answer. (5 points) a-Karen can now reevaluate if the number of workers within her company are at the profit-maximizing level now that there are different skill sets involved. b- Different skill levels often...
2 Pages(500 words)Coursework

SHort answer questions

...1. Social assessment is carried out in point (a), (d) and (e). The social assessment for rural Tennessee indicates a high incidence of cardiac problems and diabetes. The low-income levels of people in rural Tennessee stem from a lack of employment opportunities that forces the youth to be unemployed. This reduces the amount of social activities available to the youth. Social assessment also shows that people with a body mass index of over 30 did not consider themselves to be affected by obesity. Moreover, people living in rural Tennessee tend to enjoy consuming food as a past time. The attitudes of people about obesity are lax. This indicates that obesity is a socially accepted norm regardless of ethnic or racial lines. 2... Social assessment ...
2 Pages(500 words)Assignment

Short Answer questions

...Probiotics and Gastrointestinal Diseases Probiotics and Gastrointestinal Diseases Introduction Probiotics In 1989 Probiotic was first time used as a scientific term by Ray Fuller later Tissier identified the bifidobacteria in 1899 and used it for the treatment of diarrhea (Mary Ellen Sanders, 2010). Probiotic is a combination of two Greek words; Pro-promoting and Biotic-life (Betty Kovacs, 2012). In October 2001, Evaluation of Health and Nutritional Properties of Probiotics in Food held in Argentina, there The Food and Agriculture Organization of the United Nations (FAO) briefly defined Probiotics as “The living organisms (mainly bacteria) which when consumed in a sufficient quantity bestow a health advantage on the host” (FAO... and...
1 Pages(250 words)Essay

Short answer questions

...Effects of Media on Society Here Here Here Here Effects of Media on Society Question Response Therehas been controversy about the impact of media on society since near the onset of mass information exchange. Instant access to such a broad portion of the population created the potential for system abuses, resulting in the creation of oversight committees such as the Federal Communications Commission (FCC). While much attention has been given to the fear that media causes unwanted behaviors, much less is heard about the probability for the mass distribution of information to be used as a benefit to society. One of the most damaging aspects of media is the tendency of outlets to place an unearned emphasis on the darker side...
1 Pages(250 words)Essay

Short Answer Questions

...Globalization Globalization Globalization fosters growth and destruction simultaneously. This is because globalization hastens economic growth and increases the standard of living. This results in both losers and winners. Despite the production of a number of lower-priced goods and services, the people have been subjected to poverty due to corporate greed of the wealthy few. The increased production of cheaper goods has resulted in global warming and increased pollution due to increased emission of carbon dioxide and carbon monoxide. The rapid economic growth has resulted in a need for cheaper labor at the factories and this supports human trafficking and slavery. An example of a landscape radically transformed for economic... Globalization...
1 Pages(250 words)Coursework

Short Answer Questions

...to bodily signs and selective amnesia (Department of Health, 2015). 42. What is insanity? Insanity refers to a condition of being acutely mentally sick (Department of Health, 2015). 43. What is institutionalisation? Institutionalization refers to the process of placing an individual in an institution for psychological treatment (Department of Health, 2015). 44. Describe and define a mental status examination? A mental status examination refers to an evaluation of a patient’s reasoning capability level, expressive mood, appearance and speech. Normally, a nurse evaluates the patient’s attitude and willingness to cooperate in answering certain questions. A mental status examination seeks to evaluate the...
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Short Answer Questions: Pareto Efficiency for FREE!

Contact Us