Suppose That Mutt's Utility Function Is U(m, J)= Max{2m

question 3

Multiple Choice

Suppose that Mutt's utility function is U(m, j) = max{2m, j} and Jeff's utility function is U(m, j) = 3m + j.Mutt is initially endowed with 6 units of milk and 2 units of juice, and Jeff is initially endowed with 2 units of milk and 6 units of juice.If we draw an Edgeworth box with milk on the horizontal axis and juice on the vertical axis and if we measure goods for Mutt by the distance from the lower left corner of the box, then the set of Pareto optimal allocations includes the

• A)right edge of the Edgeworth box but no other edges.
• B)bottom edge of the Edgeworth box but no other edges.
• C)left edge of the Edgeworth box but no other edges.
• D)left edge and bottom edge of the Edgeworth box.
• E)right edge and top edge of the Edgeworth box.

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Definitions:

Color-Blind Framework

An ideological perspective that dismisses racial differences and promotes the treatment of all individuals irrespective of their racial backgrounds, often critiqued for ignoring systemic racism.

80/20 Phenomenon

A principle often referred to as the Pareto Principle, which suggests that roughly 80% of effects come from 20% of the causes.

Color-Blind Ideological Framework

An ideology that proposes race should not and does not matter, often criticized for ignoring systemic racial injustices and inequalities.

Race-Conscious

Pertains to policies or practices that consider race as a factor in order to address racial disparities and promote equality.