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Questions › JNU › JNU SSS 2018 › Q31
1 mark, −0.25Microeconomics › Welfare economics and social choice › Pareto efficiency and Pareto improvementsModerateabout 1 min

JNU SSS 2018 Question 31: Welfare economics and social choice

A cake has to be distributed between two persons AAA and BBB. Among the following, which one is not an efficient distribution of the cake (under the standard assumption that 'more is better' for any person)?

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A cake has to be distributed between two persons A and B. Among the following, which one is not an efficient distribution of the cake (under the standard assumption that 'more is better' for any person)? (A) A gets the whole cake (B) B gets the whole cake (C) A gets 0·45 and B gets 0·55 portion of the cake (D) A gets 0·45 and B gets 0·45 portion of the cake

Welfare economics and social choice has come up 62 times in 6 exams since 2004.

What this question tests

This question is on Pareto efficiency and Pareto improvements, part of Welfare economics and social choice in Microeconomics.

What it means for an allocation to be efficient, checked in exchange economies and other settings.

TestStop has 40 past-paper questions on this subtopic.

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