Microeconomics

• Internal Code :
• Subject Code : ECON111
• University : Macquarie University My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Microeconomics

Questions Answer 4 Farmers were better off if they sacrifice several hours of the work instead of the better payment and at the same time to attain a more crop (Albert, 2017).  For the farmers the parent optimality is the number of hours invested in, would help them to attain the number of crops. Similarly for the landowners, the Pareto optimality is to make the laborers work per number of hours instead of the more shared quota. It can…