Professor Nightsoils Utility Function Is U N (B N, P

question 42

Multiple Choice

Professor Nightsoils utility function is U N (B N, P N ) = and Dean Interfaces utility function is U I (B I, P I ) = where B N and B I are the number of bromides and P N and P I are the number of platitudes consumed by Nightsoil and Interface respectively. If Nightsoils initial endowment is 4 bromides and 25 platitudes and if Interfaces initial endowment is 2 bromides and 20 platitudes, then at any Pareto efficient allocation in which both consume positive amounts of both goods,

• A) Nightsoil consumes the same ratio of bromides to platitudes as Interface.
• B) Interface consumes 9 platitudes.
• C) Interface consumes 5 bromides.
• D) Interface consumes 3 bromides.
• E) Interface consumes 4 bromides.

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Definitions:

Formalized Organizations

Organizations characterized by established procedures and rules, clear hierarchies, and well-defined roles and responsibilities.

Rules

Specific guidelines or regulations designed to dictate behavior or procedures within a particular context or organization.

Regulations

Rules or directives made and maintained by an authority to regulate behavior; they can apply to individuals, industries, and organizations.

Functional Structures

An organizational structure where the company is divided into departments based on specific functions or roles, such as marketing, finance, or human resources, enhancing specialization and efficiency.