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Only Individuals a and B Live on a Desert Island

question 65

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Only individuals A and B live on a desert island where no production is possible. A is endowed with 15 units of good X and 17 units of good Y. B is endowed with 13 units of good X and 23 units of good Y. In the Edgeworth box, good X is measured on the horizontal axis. Individual A's utility function is UA = 3XY so her MUX = 3Y and her MUY = 3X. Individual B's utility function is UB = 10 Only individuals A and B live on a desert island where no production is possible. A is endowed with 15 units of good X and 17 units of good Y. B is endowed with 13 units of good X and 23 units of good Y. In the Edgeworth box, good X is measured on the horizontal axis. Individual A's utility function is U<sub>A</sub> = 3XY so her MU<sub>X</sub> = 3Y and her MU<sub>Y</sub> = 3X. Individual B's utility function is UB = 10     so his   and his MU<sub>Y</sub> = 5   . Which of the following allocations are on the contract curve? A) (X<sub>A</sub> = 14, Y<sub>A</sub> = 20) , (X<sub>B</sub> = 14, Y<sub>B</sub> = 20)  B) (X<sub>A</sub> = 15, Y<sub>A</sub> = 17) , (X<sub>B</sub> = 13, Y<sub>B</sub> = 23)  C) (X<sub>A</sub> = 18, Y<sub>A</sub> = 22) , (X<sub>B</sub> = 10, Y<sub>B</sub> = 18)  D) None of the above. Only individuals A and B live on a desert island where no production is possible. A is endowed with 15 units of good X and 17 units of good Y. B is endowed with 13 units of good X and 23 units of good Y. In the Edgeworth box, good X is measured on the horizontal axis. Individual A's utility function is U<sub>A</sub> = 3XY so her MU<sub>X</sub> = 3Y and her MU<sub>Y</sub> = 3X. Individual B's utility function is UB = 10     so his   and his MU<sub>Y</sub> = 5   . Which of the following allocations are on the contract curve? A) (X<sub>A</sub> = 14, Y<sub>A</sub> = 20) , (X<sub>B</sub> = 14, Y<sub>B</sub> = 20)  B) (X<sub>A</sub> = 15, Y<sub>A</sub> = 17) , (X<sub>B</sub> = 13, Y<sub>B</sub> = 23)  C) (X<sub>A</sub> = 18, Y<sub>A</sub> = 22) , (X<sub>B</sub> = 10, Y<sub>B</sub> = 18)  D) None of the above. so his Only individuals A and B live on a desert island where no production is possible. A is endowed with 15 units of good X and 17 units of good Y. B is endowed with 13 units of good X and 23 units of good Y. In the Edgeworth box, good X is measured on the horizontal axis. Individual A's utility function is U<sub>A</sub> = 3XY so her MU<sub>X</sub> = 3Y and her MU<sub>Y</sub> = 3X. Individual B's utility function is UB = 10     so his   and his MU<sub>Y</sub> = 5   . Which of the following allocations are on the contract curve? A) (X<sub>A</sub> = 14, Y<sub>A</sub> = 20) , (X<sub>B</sub> = 14, Y<sub>B</sub> = 20)  B) (X<sub>A</sub> = 15, Y<sub>A</sub> = 17) , (X<sub>B</sub> = 13, Y<sub>B</sub> = 23)  C) (X<sub>A</sub> = 18, Y<sub>A</sub> = 22) , (X<sub>B</sub> = 10, Y<sub>B</sub> = 18)  D) None of the above. and his MUY = 5 Only individuals A and B live on a desert island where no production is possible. A is endowed with 15 units of good X and 17 units of good Y. B is endowed with 13 units of good X and 23 units of good Y. In the Edgeworth box, good X is measured on the horizontal axis. Individual A's utility function is U<sub>A</sub> = 3XY so her MU<sub>X</sub> = 3Y and her MU<sub>Y</sub> = 3X. Individual B's utility function is UB = 10     so his   and his MU<sub>Y</sub> = 5   . Which of the following allocations are on the contract curve? A) (X<sub>A</sub> = 14, Y<sub>A</sub> = 20) , (X<sub>B</sub> = 14, Y<sub>B</sub> = 20)  B) (X<sub>A</sub> = 15, Y<sub>A</sub> = 17) , (X<sub>B</sub> = 13, Y<sub>B</sub> = 23)  C) (X<sub>A</sub> = 18, Y<sub>A</sub> = 22) , (X<sub>B</sub> = 10, Y<sub>B</sub> = 18)  D) None of the above. . Which of the following allocations are on the contract curve?


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