an independent farmer, CO D F FF: Angela and Bruno combined 16 24 Angela's hours of free time ct TWO correct answers. ct one or more: a. Point F is on Angela's indifference curve so it is also Pareto efficient from her point of view. o. The final outcome could be at point H, which is a Pareto improvement. c. Movements along the contract curve between C and D can still bring Pareto improvements for either Angela or Bruno. 00

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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indifference curve when
an independent farmer,
Co
8
CA
D
F
FF: Angela and Bruno combined
16
Angela's hours of free time
Select TWO correct answers.
Select one or more:
а.
Point F is on Angela's indifference curve so it is also Pareto efficient from her point of view.
O b. The final outcome could be at point H, which is a Pareto improvement.
O c.
Movements along the contract curve between C and D can still bring Pareto improvements for either Angela or
Bruno.
d. The final outcome could be at point I, which is a Pareto improvement.
Bushels of grain
24
Transcribed Image Text:indifference curve when an independent farmer, Co 8 CA D F FF: Angela and Bruno combined 16 Angela's hours of free time Select TWO correct answers. Select one or more: а. Point F is on Angela's indifference curve so it is also Pareto efficient from her point of view. O b. The final outcome could be at point H, which is a Pareto improvement. O c. Movements along the contract curve between C and D can still bring Pareto improvements for either Angela or Bruno. d. The final outcome could be at point I, which is a Pareto improvement. Bushels of grain 24
In the diagram below, if legislation allows Angela to be at point F, if Angela and Bruno can bargain costlessly:
Angela's reservation
indifference curve, IC, Angela's best feasible
12
indifference curve when
an independent farmer,
CO
8
CA
D
F
FF: Angela and Bruno combined
16
24
Angela's hours of free time
Select TWO correct answers.
Select one or more:
а.
Point F is on Angela's indifference curve so it is also Pareto efficient from her point of view.
b. The final outcome could be at point H, which is a Pareto improvement.
С.
Movements along the contract curve between C and D can still bring Pareto improvements for either Angela or
Bruno.
Bushels of grain
Transcribed Image Text:In the diagram below, if legislation allows Angela to be at point F, if Angela and Bruno can bargain costlessly: Angela's reservation indifference curve, IC, Angela's best feasible 12 indifference curve when an independent farmer, CO 8 CA D F FF: Angela and Bruno combined 16 24 Angela's hours of free time Select TWO correct answers. Select one or more: а. Point F is on Angela's indifference curve so it is also Pareto efficient from her point of view. b. The final outcome could be at point H, which is a Pareto improvement. С. Movements along the contract curve between C and D can still bring Pareto improvements for either Angela or Bruno. Bushels of grain
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