Mutt's Utility Function Is U(m, J) = Max{ 3m, J}

question 43

Multiple Choice

Mutt's utility function is U(m, j) = max{ 3m, j} and Jeff's utility function is U(m, j) = 3m + j. Mutt is initially endowed with 6 units of milk and 2 units of juice and Jeff is initially endowed with 2 units of milk and 6 units of juice. If we draw an Edgeworth box with milk on the horizontal axis and juice on the vertical axis and if we measure goods for Mutt by the distance from the lower left corner of the box, then the set of Pareto optimal allocations includes the

• A) bottom edge of the Edgeworth box but no other edges.
• B) left edge of the Edgeworth box but no other edges.
• C) right edge of the Edgeworth box but no other edges.
• D) left edge and bottom edge of the Edgeworth box.
• E) right edge and top edge of the Edgeworth box.

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Health

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Well-Being

The state of being comfortable, healthy, or happy, encompassing both physical and mental health and general life satisfaction.

Dieting Behavior

The intentional control or regulation of food intake to achieve or maintain a desired weight.

Weight Problems

Issues related to being over or underweight, affecting one's health or well-being.