Please indicate whether the following statements are True, False or Uncertain. Support your answer with an...

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Please indicate whether the following statements are True, False or Uncertain. Support your answer with an...

Please indicate whether the following statements are True, False or Uncertain. Support your answer with an explanation (one to two sentences) or a diagram.

If the benefits of a project exceed its cost, then realizing this project will be a Pareto improvement?

business economics

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Answer 1

Answer #1

Answer - True

The given statement is true because by doing this investment , atleast one person ( investor) will be in a better off condition. He will be in advantageuous conditon as he will earn profits as the benefits exceed the cost. Hence the condition of the pareto improvement is met.

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Answer 2

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