There are only two allocations and two people (X,Y) the allocationsare thus:A: X has 10, Y has 8B: X has 9, Y has 111. A is Pareto efficient2. B is Pareto Dominant3. Moving from A to B is a Pareto improvement4. Neither is an improvement in Kaldor-Hicks efficiencyTRUE AND FALSE, WITH EXPLANATIONPLEASE!

As given There are only two allocations and two people (X,Y) the allocations are thus: A: X has 10,…

Answered: There are only two allocations and two…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Three components are connected to form a system as shown in the accompanying diagram. Because the components in the 2-3 subsystem are connected in parallel, that subsystem will function if at least one of the two individual components functions. For the entire system to function, component 1 must function and so must the 2-3 subsystem. 2 The experiment consists of determining the condition of each component [S (success) for a functioning component and F (failure) for a nonfunctioning component]. (Enter your answers in set notation. Enter EMPTY or for the empty set.) (a) Which outcomes are contained in the event A that exactly two of the three components function? A = x (b) Which outcomes are contained in the event B that at least two of the components function? B = (c) Which outcomes are contained in the event C that the system functions? C = (d) List outcomes in C'. C' = List outcomes in A u C. AUC= List outcomes in An C. An C= List outcomes in Bu C. BUC= List outcomes in B n C.. BAC…
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Solve Q2.
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There are only two allocations and two people (X,Y) the allocations are thus: A: X has 10, Y has 8 B: X has 9, Y has 11 1. A is Pareto efficient 2. B is Pareto Dominant 3. Moving from A to B is a Pareto improvement 4. Neither is an improvement in Kaldor-Hicks efficiency