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

question 55

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 5 bromides and 20 platitudes and if Interfaces initial endowment is 3 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 8 platitudes.
• C) Interface consumes 4 bromides.
• D) .Interface consumes 4 bromides.
• E) Interface consumes 4 bromides

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Definitions:

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Primary Job

The main occupation or role that a person holds, usually the source of most of their income.

Professionalism

The conduct, aims, or qualities that characterize or mark a profession or professional person; it embodies a standard of behavior and knowledge expected from individuals in a specific field.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.