Long ago, in a country far, far away, the famous outlaw Diedre Deucewaste roamed the land....

 

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Long ago, in a country far, far away, the famous outlaw Diedre Deucewaste roamed the land. Although Robin Hood is more famous for his deeds, Diedre and her colleagues were far more sophisticated in their reallocation of resources. Diedre and her Efficient Women sought "to undo. the wasteful ways of the inefficient." A) A wealthy philanthropist donated a top-of-the-line ice cream making machine to a charity that provides ice cream free of charge to the people in a town - the people thus wait in line for ice cream. The charity previously used a machine that made relatively mediocre ice cream, but the new machine makes extremely high quality ice cream. Diedre stole the new machine and sold it to a profit-maximizing ice cream vendor in another city. Can you make an economically educated guess as to why Diedre did these deeds? B) A profit-maximizing museum owner bought the most famous statue in the land (Mike's famous "Naked Dave"). Diedre then bought the statue and gave it to a nonprofit museum, which charges no admission price. The nonprofit museum is in a former blimp hangar (i.e., a humongous building) with lots of room for all visitors and open 24 hours per day. Can you make an economically educated guess as to why Diedre did these deeds? Long ago, in a country far, far away, the famous outlaw Diedre Deucewaste roamed the land. Although Robin Hood is more famous for his deeds, Diedre and her colleagues were far more sophisticated in their reallocation of resources. Diedre and her Efficient Women sought "to undo. the wasteful ways of the inefficient." A) A wealthy philanthropist donated a top-of-the-line ice cream making machine to a charity that provides ice cream free of charge to the people in a town - the people thus wait in line for ice cream. The charity previously used a machine that made relatively mediocre ice cream, but the new machine makes extremely high quality ice cream. Diedre stole the new machine and sold it to a profit-maximizing ice cream vendor in another city. Can you make an economically educated guess as to why Diedre did these deeds? B) A profit-maximizing museum owner bought the most famous statue in the land (Mike's famous "Naked Dave"). Diedre then bought the statue and gave it to a nonprofit museum, which charges no admission price. The nonprofit museum is in a former blimp hangar (i.e., a humongous building) with lots of room for all visitors and open 24 hours per day. Can you make an economically educated guess as to why Diedre did these deeds?

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A It can be inferred that Diedre stole the highquality ice cream machine and sold it to a profitmaxi... View the full answer