An Economy Has Two People, Charlie and Doris

question 7

Multiple Choice

An economy has two people, Charlie and Doris. There are two goods, apples and bananas. Charlie has an initial endowment of 6 apples and 4 bananas. Doris has an initial endowment of 12 apples and 2 bananas. Charlie's utility function is U(A_C, B_C) = A_CB_C, where A_C is his apple consumption and B_C is his banana consumption. Doris's utility function is U(A_D, B_D) = A_DB_D, where A_D and B_D are her apple and banana consumptions. At every Pareto optimal allocation,

• A) Charlie consumes the same number of apples as Doris.
• B) Charlie consumes 18 apples for every 6 bananas that he consumes.
• C) Doris consumes equal numbers of apples and bananas.
• D) Charlie consumes more bananas per apple than Doris does.
• E) Doris consumes 12 apples for every 2 bananas that she consumes.

Differentiate between conservationist and preservationist philosophies.

Comprehend the historical development and impact of environmental laws, movements, and agencies.

Understand the environmental viewpoints and worldviews from historical and contemporary perspectives.

Recognize the progression of energy sources through different historical periods and their environmental implications.

---

Definitions:

Morpheme

The smallest grammatical unit in a language that carries meaning.

Experimenter

An individual who conducts a controlled test or investigation to explore hypotheses, gather data, and gain insights into natural phenomena or psychological behaviors.

Viewer

An individual who watches or observes something, especially television, films, or other visual media.

Letters

Letters refer to written characters that represent the sounds of a language, forming the basic building blocks of written words and text.