Mr. X values a good at $100 and buys it from Mr. Y at $80 (who produces it at a cost of $70) . Mr. Z then offers Mr. X the same good at $60. Mr. X buys the good from Mr. Z, and stops buying it from Mr. Y. Which of the following makes this event to be Pareto optimal
A) Mr. X gives Mr. Y $11.
B) Mr. X gives Mr. Y $30
C) Mr. X pays Mr. Z $80.
D) Mr. X and Mr. Z join to give Mr. Y $70.
Correct Answer:
Verified
Q1: When trade takes place and there are
Q4: With differing comparative advantages,nations who trade (compared
Q5: The wages of workers displaced by international
Q6: The size of the substitution effect when
Q7: Nation X can produce with one unit
Q8: Mr.X is a total loser.He is worse
Q17: Which of the following has NOT usually
Q19: Which of these displaced workers is likely
Q19: Which of the following is NOT part
Q20: Wage convergence is an example of
A) the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents