subject
Business, 04.07.2020 19:01 zack66828

1. Assume that the price underestimates the value that society places on the flu vaccine. If firms produce where P = MC, firms will be producingthe socially efficient amount of flu vaccine. a) exactlyb) more thanc) less thand) sometimes more than and sometimes less than2. You value your Microeconomics textbook at $100. Someone else (e. g., one of your classmates) values it at $125, and that person is willing to pay you $120 for your textbook. Would selling your textbook to this person for $120 be Pareto efficient?A) No, because you did not receive the maximum amount the other person would have been willing to pay for the textbook. B) No, the person paid you $20 for the book so his net benefit was $10, whereas your net benefit was only $5. For this change to be Pareto efficient, each of you should have the same net benefit. C) Yes, because both of you are better off as a result of the trade. D) Yes, because even though you gain from the trade and he loses, there is the potential for you to compensate him for his loss.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, elissadiaz15
1. gdp is calculated by summing consumption, investment, and exports of all final goods and services produced within the borders of a given country during a specific period the dollar value of all final goods and services produced within the borders of a given country during a specific period government expenditures within the borders of a given country during a specific period the quantity of all final goods and services produced within the borders of a given country during a specific period
Answers: 3
image
Business, 22.06.2019 10:50, jadeafrias
You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the project’s life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.
Answers: 3
image
Business, 22.06.2019 19:30, Ruby2480
One of the benefits of a well designed ergonomic work environment is low operating costs is true or false
Answers: 3
image
Business, 22.06.2019 20:00, zay12350
Which motion below could be made so that the chair would be called on to enforce a violated rule?
Answers: 2
You know the right answer?
1. Assume that the price underestimates the value that society places on the flu vaccine. If firms p...

Questions in other subjects:

Konu
Mathematics, 15.12.2020 20:40