If some allocation of resources is Pareto efficient, then that allocation satisfies:

Related MCQs

• When the allocation of resources is Pareto efficient
• If an economy operates on its production possibility curve, then the allocation of resources in that economy satisfies:
• In Pareto welfare economics, Efficiency in the allocation of factors among commodities is related to
• In Pareto welfare economics, Efficiency of the allocation of factors among firms is related to
• The marginal condition for a Pareto-optimal allocation of factors requires that the ________ between labour and capital be equal for all commodities produced by different firms.
• The marginal condition for a Pareto-optimal or -efficient distribution of commodities among consumers requires that the MRS between ______ be equal for all consumers.
• Which among the following is NOT an assumption of Pareto optimality?
• In Pareto welfare economics, Efficiency of distribution of commodities among consumers is related to
• Some economists say that profit earner is a kind of:
• In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the rights. Then,