Professor Nightsoil's Utility Function Is U_N(B_N, P_N)= B_N + 4p^1/2_N

question 7

Multiple Choice

Professor Nightsoil's utility function is U_N(B_N, P_N) = B_N + 4p^1/2_N and Dean Interface's utility function is U_I(B_I, P_I) + B_I + 2p^1/2_I.If Nightsoil's initial endowment is 6 bromides and 20 platitudes and if Interface's initial endowment is 2 bromides and 10 platitudes, then at any Pareto efficient allocation where both persons consume positive amounts of both goods,

• A)Nightsoil consumes the same ratio of bromides to platitudes as Interface.
• B)Interface consumes 6 platitudes.
• C)Interface consumes 4 bromides
• D)Interface consumes 4 bromides.
• E)Interface consumes 2 platitudes.

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Definitions:

Temperatures

Measurements reflecting the degree of heat present in a substance or environment, often expressed in degrees Celsius, Fahrenheit, or Kelvin.

Weekly Salaries

The amount of money or compensation paid to an employee for work performed during a week, often expressed as an annual figure divided by 52 weeks.

Boxplot

A graphical representation that shows the distribution of data points based on a five-number summary: minimum, first quartile, median, third quartile, and maximum.

Histogram

A graphical representation of data that groups numbers within ranges and displays them as bars.