Suppose,given Their Initial Endowments of Milk [M] and Cookies [C],we

question 62

Multiple Choice

Suppose,given their initial endowments of milk [M] and cookies [C],we know that Ashley's marginal rate of substitution of cookies for milk [MRS_CM] = 3M/6C,Bill's MRS_CM = 8M/8C,and Carol's MRS_CM = 5M/10C.Given this information we know that a mutually beneficial trade does not exist between:

• A)Ashley and Carol or between Ashley and Bill.
• B)Ashley and Bill,but it does exist between Ashley and Carol.
• C)Ashley and Carol,but it does exist between Carol and Bill.
• D)any of the three individuals.

---

Definitions:

Disintermediation

The removal of intermediaries in a supply chain, allowing for direct transactions between producers and consumers.

Online Services

Web-based applications and resources that provide users with various functionalities over the Internet.

New Ventures

Initiatives or businesses started to explore new markets or create new products.

Walmart

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its wide range of products and low prices.