In Problem 3, Professor Nightsoil's Utility Function Is U_N(B_N, P_N)

question 24

Multiple Choice

In Problem 3, Professor Nightsoil's utility function is U_N(B_N, P_N) and Dean Interface's utility function is U_I(B_I, P_I) . If Nightsoil's initial endowment is 3 bromides and 20 platitudes and if Interface's initial endowment is 5 bromides and 15 platitudes, then at any Pareto efficient allocation where both persons consume positive amounts of both goods,

• A) Interface consumes 7 platitudes.
• B) Nightsoil consumes the same ratio of bromides to platitudes as Interface.
• C) Interface consumes 4 bromides.
• D) Interface consumes 4 bromides
• E) Interface consumes 3 platitudes.

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Definitions:

Generic Status

The condition of a product being unbranded or not protected by a trademark, making it available for sale by any manufacturer.

Soft Drink Industry

A sector of the beverage industry specializing in the production, marketing, and distribution of non-alcoholic, flavored, carbonated beverages.

Trademark Infringement

The unauthorized use of a trademarked name, logo, or other protected symbols in a way that causes confusion or deception regarding the source of goods or services.

Consumerism

The protection or promotion of the interests of consumers, often emphasizing the importance of producing and consuming goods that fulfill genuine needs.