When considering trade of two goods between Ann and Bob, if both have preferences that satisfy "more is better, "then it is always Pareto efficient to give all of both goods to Ann. it is always Pareto efficient to split the two goods equally between Ann and Bob. both of the above are true. none of the above are true.
When considering trade of two goods between Ann and Bob, if both have preferences that satisfy "more is better, "then it is always Pareto efficient to give all of both goods to Ann. it is always Pareto efficient to split the two goods equally between Ann and Bob. both of the above are true. none of the above are true.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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When considering trade of two goods between Ann and Bob, if both have preferences that satisfy "more is better, "then
it is always Pareto efficient to give all of both goods to Ann.
it is always Pareto efficient to split the two goods equally between Ann and Bob.
both of the above are true.
none of the above are true.
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