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(Figure: Cereal and Pancakes III) Which of the Following Statements

Question 79

Multiple Choice

(Figure: Cereal and Pancakes III) Which of the following statements is (are) TRUE? (Figure: Cereal and Pancakes III)  Which of the following statements is (are)  TRUE?   I. Pareto efficiency occurs when Elaina consumes 4 pancakes and 3 bowls of cereal and Jose consumes 4 pancakes and 7 bowls of cereal. II)  Pareto efficiency occurs when Elaina consumes 3 pancakes and 3 bowls of cereal and Jose consumes 5 pancakes and 3 bowls of cereal. III)  Pareto efficiency occurs when Elaina consumes 3 pancakes and 3 bowls of cereal and Jose consumes 5 pancakes and 7 bowls of cereal. A)  I B)  I and II C)  II D)  I, II, and III I. Pareto efficiency occurs when Elaina consumes 4 pancakes and 3 bowls of cereal and Jose consumes 4 pancakes and 7 bowls of cereal.
II) Pareto efficiency occurs when Elaina consumes 3 pancakes and 3 bowls of cereal and Jose consumes 5 pancakes and 3 bowls of cereal.
III) Pareto efficiency occurs when Elaina consumes 3 pancakes and 3 bowls of cereal and Jose consumes 5 pancakes and 7 bowls of cereal.


A) I
B) I and II
C) II
D) I, II, and III

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