In Problem 4, Ken's Utility Function Is U(Q_K, W_K) =

question 10

Multiple Choice

In Problem 4, Ken's utility function is U(Q_K, W_K) = Q_KW_K and Barbie's utility function is U(Q_B, W_B) = Q_BW_B. If Ken's initial endowment were 4 units of quiche and 6 units of wine and Barbie's endowment were 8 units of quiche and 6 units of wine, then at any Pareto optimal allocation where both persons consume some of each good,

• A) Ken would consume 4 units of quiche for every 6 units of wine.
• B) Barbie would consume twice as much quiche as Ken.
• C) Ken would consume 12 units of quiche for every 12 units of wine that he consumes.
• D) Barbie would consume 8 units of quiche for every 6 units of wine that she consumes.
• E) None of the above.

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Definitions:

Frequency Distribution

A method for illustrating how often scores occur in groups called class intervals.

Frequency Polygon

A graphical representation of a frequency distribution that uses a continuous line to show the number of values that fall within a class interval.

Histogram

A graphical representation of a frequency distribution that uses bars of different heights to show the number of values that fall within each class interval.

Line Chart

A type of chart that displays information as a series of data points connected by straight line segments, often used to visualize trends over time.