The marginal conditions must be satisfied for the attainment of a Pareto-efficient situation in an economy :

Related MCQs

• The marginal rate of substitution is
• Marginal damages
• If, for John’s current intertemporal consumption pattern (satisfying his intertemporal budget constraint), his marginal rate of intertemporal substitution is 1 and the real rate of interest is positive, then...
• In the case of a negative externality, the social marginal cost will
• Externalities between two firms can be “internalized” if: I. The two firms merge. II. Bargaining costs are zero. III. The externalities affect each firm equally. IV. Marginal costs for both firms are constant. Which statement(s) correctly complete(s) the sentence?
• A situation where people who have taken out insurance behave more recklessly as a result is known as:
• According to a required reading from the 2003 Economist, the biggest problem facing Indonesia’s economy is
• Several combination of commodities x and y that the economy can produce by fully utilizing all of the fixed amounts of labour and capital with the best technology available is depicted by I. production possibility frontier II. transformation curve III. production possibility curve
• The sum of forgone interest and depreciation costs the machine’s owner must pay is the
• The quantity of present goods that must be forgone to increase future consumption by 1 unit is called