Consider the payoffs below Project A B C Jake 10 20 5 F.pdf

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A

Project A cannot be described as a Pareto improvement or potential Pareto improvement because it makes at least one person (Jake) worse off. Project B is a potential Pareto improvement since it makes at least one person (Sean) better off without making anyone worse off. Project C is neither a Pareto improvement nor a potential Pareto improvement since it makes some people better off and some people worse off.

Consider the payoffs below
Project
A
B
C
Jake
-10
20
5
Flynn
5
1
-5
Sean
10
1
-1
Project A can be described as:
a Pareto improvement
a potential Pareto improvement
neither a potential for Pareto improvement or an actual Pareto improvement
none of the answers is correct
Project
A B C
Jake -10 20 5
Flynn 5 1 -5
Sean 10 1 -1

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