$100 is to be divided among two individuals—Mary and Jenna. Which of the following allocations is Pareto efficient?
A) Mary receives $45, and Jenna receives $45.
B) Mary receives $20, and Jenna receives $75.
C) Mary receives $1, and Jenna receives $99.
D) Mary receives $90, and Jenna receives $9.
C
You might also like to view...
Which of the following statements is true?
A) Differences of opinion about a bond's future may vary considerably but there is less difference about a stock's future. B) Bonds represent partial ownership in a firm but stocks do not. C) The future growth of a stock is more certain than the payments of a bond. D) A stock can possibly pay dividends forever, but bonds have a fixed number of payments.
In comparing monopolistic competition to perfect competition, one can conclude that the lack of free entry is the key to having the ability to set price
Indicate whether the statement is true or false