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Given the following MV information, what is the optimal allocation of care according to the Paretean criteria, when the marginal cost of care is constant at $1000?

Person A Person B
Quantity of care consumed MV Quantity of care consumed MV
1 $200 1 $150
2 1 80 2 120
3 162 3 92
4 146 4 66
5 134 5 42
6 122 6 20
7 112 7 0
8 104 8 0
9 98 9 0

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9481392

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