When considering trade of two goods between Ann and Bob, if both have preferences that satisfy "more is better, "then it is always Pareto efficient to give all of both goods to Ann. it is always Pareto efficient to split the two goods equally between Ann and Bob. both of the above are true. none of the above are true.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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When considering trade of two goods between Ann and Bob, if both have preferences that satisfy "more is better, "then

it is always Pareto efficient to give all of both goods to Ann.

it is always Pareto efficient to split the two goods equally between Ann and Bob.

both of the above are true.

none of the above are true.

 

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