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

question 13

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 7 bromides and 5 platitudes and if Interface's initial endowment is 8 bromides and 10 platitudes, then at any Pareto efficient allocation where both persons consume positive amounts of both goods,

• A) Interface consumes 1 bromide.
• B) Interface consumes 3 platitudes.
• C) Nightsoil consumes the same ratio of bromides to platitudes as Interface.
• D) Interface consumes 7.50 bromides.
• E) Interface consumes 2 platitudes.

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Definitions:

Thwarted

Refers to being prevented from accomplishing something or obstructed in achieving an objective.

Goal

An aim or desired outcome that a person or a group of people envision, plan, and commit to achieve.

Frustration

The feeling of being upset or annoyed as a result of being unable to change or achieve something.

Fight-Or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.