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Critical Thinking Questions Case 3-1 You Have Just Been Elected

question 53

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Critical Thinking Questions Case 3-1 You have just been elected as director of the local youth baseball league. Your first task is to publish a new Web site quickly for the league. You also have a limited budget with which to work. You follow Bill's advice and create a new Web site based on a template; now you find you have many more pages than you nee d. You give Bill a call and cry "Help!" Bill tells you to ____.


Definitions:

Pareto Optimal

A distribution condition in which making any person's situation better is impossible without causing harm to someone else.

Private Goods Consumption

Involves the use of goods that are excludable and rivalrous, meaning their consumption by one individual prevents another from consuming the same good.

Pareto Optimal

A condition where the distribution of resources cannot be changed without negatively impacting at least one person.

Private Goods Consumption

The act of consuming goods that are excludable and rivalrous in nature, meaning they can only be owned or consumed by one party and consumption by one person prevents consumption by another.

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