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Suppose That Paul and David Have Utility Functions U =

question 25

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Suppose that Paul and David have utility functions U = 4A P + O P and U = A D + 3O D, respectively, where A P and O P are Paul's consumptions of apples and oranges and A D and O D are David's consumptions of apples and oranges. The total supply of apples and oranges to be divided between them is 18 apples and 18 oranges. The fair allocations consist of all allocations satisfying the following conditions.


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