Re: Daily question

Posted by Khushboo on Mar 16, 2009; 4:20am
URL: http://discussion-forum.276.s1.nabble.com/Daily-question-tp2328964p2484086.html

1- P(car is blue) = 12/29

2- Pareto efficient allocation are only a,b,c,d but not e bcz d always does better than e. But 1st individual prefers a to any other allocation, any movement from here make him worse off.  Similarly 2nd individual prefers b to any other allocation, any movement from here make him worse off, as on.... Therefore, there is no way to make some one better off without making any one worse off.