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Only Individuals a and B Live on a Desert Island

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Only individuals A and B live on a desert island where no production is possible.A is endowed with 12 units of good X and 18 units of good Y.B is endowed with 6 units of good X and 42 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 12 units of good X and 18 units of good Y.B is endowed with 6 units of good X and 42 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> = 12, Y<sub>A</sub> = 24) , (X<sub>B</sub> = 6, Y<sub>B</sub> = 36) B) (X<sub>A</sub> = 10, Y<sub>A</sub> = 28) , (X<sub>B</sub> = 8, Y<sub>B</sub> = 32) C) (X<sub>A</sub> = 9, Y<sub>A</sub> = 30) , (X<sub>B</sub> = 9, Y<sub>B</sub> = 30) D) None of the above. Only individuals A and B live on a desert island where no production is possible.A is endowed with 12 units of good X and 18 units of good Y.B is endowed with 6 units of good X and 42 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> = 12, Y<sub>A</sub> = 24) , (X<sub>B</sub> = 6, Y<sub>B</sub> = 36) B) (X<sub>A</sub> = 10, Y<sub>A</sub> = 28) , (X<sub>B</sub> = 8, Y<sub>B</sub> = 32) C) (X<sub>A</sub> = 9, Y<sub>A</sub> = 30) , (X<sub>B</sub> = 9, Y<sub>B</sub> = 30) 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 12 units of good X and 18 units of good Y.B is endowed with 6 units of good X and 42 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> = 12, Y<sub>A</sub> = 24) , (X<sub>B</sub> = 6, Y<sub>B</sub> = 36) B) (X<sub>A</sub> = 10, Y<sub>A</sub> = 28) , (X<sub>B</sub> = 8, Y<sub>B</sub> = 32) C) (X<sub>A</sub> = 9, Y<sub>A</sub> = 30) , (X<sub>B</sub> = 9, Y<sub>B</sub> = 30) 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 12 units of good X and 18 units of good Y.B is endowed with 6 units of good X and 42 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> = 12, Y<sub>A</sub> = 24) , (X<sub>B</sub> = 6, Y<sub>B</sub> = 36) B) (X<sub>A</sub> = 10, Y<sub>A</sub> = 28) , (X<sub>B</sub> = 8, Y<sub>B</sub> = 32) C) (X<sub>A</sub> = 9, Y<sub>A</sub> = 30) , (X<sub>B</sub> = 9, Y<sub>B</sub> = 30) D) None of the above. .Which of the following allocations are on the contract curve?

Definitions:

Chocolate Ice Cream

A frozen dessert made from dairy products and flavored with cocoa or chocolate.

Complement Goods

Products or services that are used together, where the use of one increases the demand for another, such as printers and ink cartridges.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given time.

Price Decrease

A reduction in the cost of goods or services, often reflective of changes in supply and demand, competition, or production costs.

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