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Economics Mcqs
Q
Jamil has ten pairs of football boots and saleem has none. A pair of football boots cost Rs50. to produce. If jamil values an additional pair of boots at RS100 and saleem values a pair of boots at Rs40, then the maxime ?
AA. Efficiency saleem should receive the glove
BB. Efficiency jamil should receive the glove
CC. Equity jamil should receive the glove
DD. Consumer surplus both should receive a glove
Correct Answer:
B. B. Efficiency jamil should receive the glove