To Prove That an Outcome Is Not Pareto Optimal, We

question 31

Multiple Choice

To prove that an outcome is not Pareto optimal, we need to find a new outcome that will make at least one agent _________ off without making any other agent _________ off.

• A) better, worse
• B) better, better
• C) worse, worse

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Definitions:

Peanuts

Often used informally to refer to a very small or insignificant amount of money.

Cashews

A type of nut known for its rich flavor and health benefits, often used in cooking and snacking.

Rate Of Trade-off

The rate at which one factor must be decreased to increase another factor while keeping overall utility constant, often used in economics to describe opportunity costs.

Producing

The act of creating, manufacturing, or generating goods or services.