Examlex

Solved

Only Individuals a and B Live on a Desert Island

question 2

Multiple Choice

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?


Definitions:

American Revolution

A colonial revolt that took place between 1765 and 1783, in which the Thirteen American Colonies won independence from Great Britain, becoming the United States of America.

Property Qualification

Historical voting or office-holding requirement that mandated individuals own a certain amount of property or land to participate in the political process.

Suffrage

The right to vote in political elections, often highlighted in historical contexts around movements to extend this right to various groups.

Linked With Freedom

Suggestively associated with the concept or state of being free, possibly pertaining to movements, ideologies, or historical events advocating for liberty.

Related Questions