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Hatfield and McCoy Burn with Hatred for Each Other

question 11

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Hatfield and McCoy burn with hatred for each other. They both consume corn whisky. Hatfield's utility function is Hatfield and McCoy burn with hatred for each other. They both consume corn whisky. Hatfield's utility function is   and McCoy's utility is   , where W<sub>H</sub> is Hatfield's whisky consumption and W<sub>M</sub> is McCoy's whisky consumption, measured in gallons. The sheriff has a total of 58 gallons of confiscated whisky which he could give back to them. For some reason, the sheriff wants them both to be as happy as possible and he wants to treat them equally. The sheriff should give them each A)  2 gallons and spill 54 gallons in the creek. B)  4 gallons and spill 50 gallons in the creek. C)  29 gallons. D)  8 gallons and spill the rest in the creek. E)  1 gallon and spill the rest in the creek. and McCoy's utility is Hatfield and McCoy burn with hatred for each other. They both consume corn whisky. Hatfield's utility function is   and McCoy's utility is   , where W<sub>H</sub> is Hatfield's whisky consumption and W<sub>M</sub> is McCoy's whisky consumption, measured in gallons. The sheriff has a total of 58 gallons of confiscated whisky which he could give back to them. For some reason, the sheriff wants them both to be as happy as possible and he wants to treat them equally. The sheriff should give them each A)  2 gallons and spill 54 gallons in the creek. B)  4 gallons and spill 50 gallons in the creek. C)  29 gallons. D)  8 gallons and spill the rest in the creek. E)  1 gallon and spill the rest in the creek. , where WH is Hatfield's whisky consumption and WM is McCoy's whisky consumption, measured in gallons. The sheriff has a total of 58 gallons of confiscated whisky which he could give back to them. For some reason, the sheriff wants them both to be as happy as possible and he wants to treat them equally. The sheriff should give them each

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Definitions:

Cognitive Dissonance

The discomfort experienced when holding two or more conflicting beliefs, values, or attitudes, especially when actions contradict beliefs.

Exposure Effect

The phenomenon where repeated exposure to a stimulus increases an individual's preference for that stimulus.

Source Effects

The influence that the perceivable characteristics of a message source have on the recipient's acceptance or rejection of the message.

Efficacy

The ability to produce a desired or intended result, often used in the context of the effectiveness of drugs, treatments, or methodologies.

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