Divide the pile so that each child is equally happy

Assignment Help Business Economics
Reference no: EM13840279

A parent has a pile of toys to divide between two children. Assume that there is an even number of each toy. What method of dividing the toys ensures that the final division is efficient?

A) Divide the pile equally

B) Give each toy to the child who cries the loudest

C) Divide the pile so that each child is equally happy

D) Let one child divided the pile into two parts, and the other child decide who gets which part

E) Divide the pile arbitrarily, and then let the children trade toys until there are no more mutually beneficial trades

Reference no: EM13840279

Questions Cloud

Announced a new round of fare discounts : Delta and Southwest Airlines announced a new round of fare discounts. In response Sangita Woerner, Vice President of Marketing at Alaska Airlines, said, it’s unlikely that we will match these fare reductions because we do not anticipate any negative ..
The americans with disabilities act provides : The Americans with Disabilities Act Provides many things that we need to do in health and fitness facilities to make them accessible. Can you cite any of these standards mat also benefit able bodied persons in addition to making facilities usable by ..
Discuss the key advantageous features of the technology : Discuss the key advantageous features of the technology/application when compared with the alternatives available.
Create a webpage that includes change the background color : Create a webpage that includes a "select" object that will change the background color of the current page when the user selects an option. The property that you need to set is document.bgColor
Divide the pile so that each child is equally happy : A parent has a pile of toys to divide between two children. Assume that there is an even number of each toy. What method of dividing the toys ensures that the final division is efficient? Divide the pile arbitrarily, and then let the children trade t..
Discuss the advantages of evidence-based management : Discuss the advantages and disadvantages of evidence-based management as applied in an organization. Specifically, consider the alternative ways how organizations can and should develop evidence that describes the effectiveness of alternative mana..
Suppose consumer derives satisfaction from consuming tacos : Suppose a consumer derives satisfaction from consuming tacos: those from Taco Bell and those from Chipoltle. Graph the budget line of the consumer under the assumption that he is offered a buy three, get one free deal at Taco Bell (limit one free tac..
Draw the opportunity set of consumer with income : Draw the opportunity set of a consumer with an income of $1200 who faces prices of Px = 10 and Py = 5. What is the market rate of substitution between the two goods?
Schools get lesson in lunch line economics : Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes. How many servings of grapes can the school afford each d..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd