The reason for nevertheless to be likely better off.

Question

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Answer 1

Question

Chapter 34, Problem 1DQ

To determine

The reason for nevertheless to be likely better off.

Expert Solution & Answer

Explanation of Solution

Since the person who does not have a pair of shoe exchanges his half dozen of shirts to attain 3 pairs of shoes and the person who does not have a shirt is willing to exchange his 3 pairs of shoes to get 6 shirts, the exchange rate between shoes and shirts become 1:2. Therefore, the value of 1 pair of shoes is equivalent to 2 shirts. Thus, there is no financial gain through this exchange.

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Answer 2

Question

Chapter 34, Problem 1DQ

To determine

The reason for nevertheless to be likely better off.

Expert Solution & Answer

Explanation of Solution

Since the person who does not have a pair of shoe exchanges his half dozen of shirts to attain 3 pairs of shoes and the person who does not have a shirt is willing to exchange his 3 pairs of shoes to get 6 shirts, the exchange rate between shoes and shirts become 1:2. Therefore, the value of 1 pair of shoes is equivalent to 2 shirts. Thus, there is no financial gain through this exchange.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 34, Problem 1DQ

To determine

The reason for nevertheless to be likely better off.

Expert Solution & Answer

Explanation of Solution

Since the person who does not have a pair of shoe exchanges his half dozen of shirts to attain 3 pairs of shoes and the person who does not have a shirt is willing to exchange his 3 pairs of shoes to get 6 shirts, the exchange rate between shoes and shirts become 1:2. Therefore, the value of 1 pair of shoes is equivalent to 2 shirts. Thus, there is no financial gain through this exchange.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 34, Problem 1DQ

To determine

The reason for nevertheless to be likely better off.

Expert Solution & Answer

Explanation of Solution

Since the person who does not have a pair of shoe exchanges his half dozen of shirts to attain 3 pairs of shoes and the person who does not have a shirt is willing to exchange his 3 pairs of shoes to get 6 shirts, the exchange rate between shoes and shirts become 1:2. Therefore, the value of 1 pair of shoes is equivalent to 2 shirts. Thus, there is no financial gain through this exchange.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 34, Problem 1DQ

To determine

The reason for nevertheless to be likely better off.

Expert Solution & Answer

Explanation of Solution

Since the person who does not have a pair of shoe exchanges his half dozen of shirts to attain 3 pairs of shoes and the person who does not have a shirt is willing to exchange his 3 pairs of shoes to get 6 shirts, the exchange rate between shoes and shirts become 1:2. Therefore, the value of 1 pair of shoes is equivalent to 2 shirts. Thus, there is no financial gain through this exchange.

Answer 6

Chapter 34, Problem 1DQ

To determine

The reason for nevertheless to be likely better off.

Expert Solution & Answer

Explanation of Solution

Since the person who does not have a pair of shoe exchanges his half dozen of shirts to attain 3 pairs of shoes and the person who does not have a shirt is willing to exchange his 3 pairs of shoes to get 6 shirts, the exchange rate between shoes and shirts become 1:2. Therefore, the value of 1 pair of shoes is equivalent to 2 shirts. Thus, there is no financial gain through this exchange.

Answer 7

Chapter 34, Problem 1DQ

To determine

The reason for nevertheless to be likely better off.

Answer 8

Expert Solution & Answer

Explanation of Solution

Since the person who does not have a pair of shoe exchanges his half dozen of shirts to attain 3 pairs of shoes and the person who does not have a shirt is willing to exchange his 3 pairs of shoes to get 6 shirts, the exchange rate between shoes and shirts become 1:2. Therefore, the value of 1 pair of shoes is equivalent to 2 shirts. Thus, there is no financial gain through this exchange.