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Suppose That Paul and David Have Utility Functions U =

question 3

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Suppose that Paul and David have utility functions U = 4A P + O P and U = A D + 5O 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 orange. The total supply of apples and oranges to be divided between them is 20 apples and 14 oranges. The "fair" allocations consist of all allocations satisfying the following conditions.


Definitions:

Hemoglobin

A protein in red blood cells responsible for carrying oxygen throughout the body.

Venipuncture

is the process of puncturing a vein with a needle to draw blood for testing, to give medication, or to start an intravenous line.

Femoral vein

A major blood vessel in the thigh and leg that returns oxygen-depleted blood back to the heart.

Inguinal veins

Blood vessels located in the inguinal (groin) area that drain blood from the lower limbs back to the heart.

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