Bob Calculated That the Sporting Goods Store He Manages Had

question 40

Multiple Choice

Bob calculated that the sporting goods store he manages had an increase of 32.5% in sales this week compared to last week. If sales last week were $55,300, what were sales this week?

• A) $75,057
• B) $21,475
• C) $73,273
• D) $49,525

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Definitions:

Pareto Optimal

In resource distribution, a framework where the betterment of one party directly causes a disadvantage to another party.

Initial Allocation

The initial distribution of resources, goods, or assets among various parties or agents in an economic model or real-world scenario.

Pareto Optimal Allocations

A situation where it is impossible to make any one individual better off without making at least one individual worse off, indicating an efficient allocation of resources.

Edgeworth Box

A diagram used in microeconomics to show how different allocations of goods can lead to efficiency or inefficiency within a market.