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    Pareto-efficient changes

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    Which of the following are actual Pareto-efficient changes?
    Explain briefly.
    A) You borrow three oranges for $1 from a street vendor.
    B) You are near death from thirst in the desert and must pay a passing vagabond $10,000 for a glass of water.
    C) A mugger steals your wallet.
    D) You take a taxi ride in downtown Manhatten during rush hour.

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    https://brainmass.com/economics/microeconomics/pareto-efficient-changes-178611

    Solution Preview

    Dear Student,

    The closest answer is B) which is " you are near death from thirst in the desert and must pay a passing vagabond $ 10,000 for a glass of water.

    Because, Pareto- efficient changes is broadly described as a ...

    Solution Summary

    Pareto-efficient changes are examined.

    $2.19