Pareto optimality is the condition in which a) the distribution of income is equal. b) no change is possible that will make some members of society better off without making at least one other member of society worse off. c) firms are forced to internalize the effects of all externalities. d) it is possible to make one person better off without making someone else worse off.

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection