Recall Lucy and Melvin from Problem 6

question 17

Multiple Choice

Recall Lucy and Melvin from Problem 6. Lucy's utility function is 2X_L + G and Melvin's utility function is X_MG, where G is their expenditures on the public goods they share in their apartment and where X_L and X_M are their respective private consumption expenditures. The total amount they have to spend on private goods and public goods is $24,000. They agree on a Pareto optimal pattern of expenditures in which the amount that is spent on Lucy's private consumption is $6,000. How much do they spend on public goods?

• A) $6,000
• B) $3,000
• C) $6,050
• D) $12,000
• E) There is not enough information here to be able to determine the answer.

---

Definitions:

NEMA Enclosure

A type of protective enclosure rated by the National Electrical Manufacturers Association used for housing electronic equipment, providing specific protection levels against environmental conditions.

PLC Systems

Programmable Logic Controllers are digital computers used for automation of industrial processes, such as control of machinery or factory assembly lines.

Enclosure

A case or cabinet designed to protect electronic components and systems from external environments.

High Voltage Spike

A sudden, short duration increase in voltage, which can potentially cause damage to electronic equipment if not properly mitigated.