Hatfield and McCoy Burn with Hatred for Each Other

question 5

Multiple Choice

Hatfield and McCoy burn with hatred for each other. They both consume corn whisky. Hatfield's utility function is U and McCoy's utility is U , where W_H is Hatfield's whisky consumption and W_M is McCoy's whisky consumption, measured in gallons. The sheriff has a total of 48 gallons of confiscated whisky which he could give back to them. For some reason, the sheriff wants them both to be as happy as possible and he wants to treat them equally. The sheriff should give them each

• A) 24 gallons.
• B) 4 gallons and spill 40 gallons in the creek.
• C) 2 gallons and spill 44 gallons in the creek.
• D) 8 gallons and spill the rest in the creek.
• E) 1 gallon and spill the rest in the creek.

---

Definitions:

Open Ended Wrenches

Tools with a U-shaped opening that grips two opposite faces of the bolt or nut, allowing for manipulation in tight spaces.

Spike

A Spike denotes a sudden, sharp increase in metrics such as prices, demand, or network traffic, usually temporary and often in response to an event or announcement.

Customizable Products

Goods that can be modified or tailored according to customer preferences or specific requirements, often to meet unique needs or tastes.

Competitive Strategy

A long-term plan formulated by a company to gain a competitive advantage over its rivals in the industry, focusing on strengths, market positioning, and customer value.