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:

Wrongful Interference

An intentional act of causing a party to fail to fulfill their contractual obligations, resulting in damage or loss.

Appropriation

The unauthorized use of someone's likeness or personal aspects for commercial gain without their express permission.

Standard Of Care

The standard of care refers to the degree of prudence and caution required of an individual who is under a duty of care.

Faulty Grading

Refers to incorrect or misleading assignment of quality levels to goods, particularly in the context of agricultural products or land.