Millionaire Mode

Pareto Efficiency and Optimality

Question 1 of 14

What is Pareto efficiency?

  1. A state of resource allocation where it is impossible to make one person better off without making someone else worse off.
  2. A state of resource allocation where everyone is as well-off as they can be.
  3. A state of resource allocation where the total welfare of society is maximized.
  4. A state of resource allocation where the distribution of income is equal.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000