ECON 104 Lecture 3: Assignment #3
9 Jun 2017
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Suppose that joe get x dollars, that martha get y dollars, and that 100-x-y dollars is thrown away. 1: among the 4 allocations below (assume these are the only allocations available and everybody puts positive value on every unit of every good), identify a pareto efficient allocation. 180: identify every pareto improvement in the allocations for question 13 above. 2: let us say, brion"s value of 1 lb of apples is , salome"s value of 1 lb oranges is , everybody else"s value of 1 lb of apples or oranges is . Among the 4 allocations below (assume these are the only allocations available and everybody puts positive value on every unit of every good), identify a marshall efficient allocation. I was in london for a day of meetings earlier this month. I needed to perform my annual task of renewing my passport as pages in the current passport were close to full.
