Dan and Marilyn Consume Two Goods, X and Y

question 35

Multiple Choice

Dan and Marilyn consume two goods, x and y.They have identical Cobb-Douglas utility functions.Initially Dan owns 10 units of x and 10 units of y.Initially Marilyn owns 40 units of x and 20 units of y.They make exchanges to reach a Pareto optimal allocation which is better for both than the no-trade allocation.Which of the following is not necessarily true about the allocation they trade to?

• A)Marilyn consumes 5 units of x for every 3 units of y that she consumes.
• B)The locus of Pareto optimal allocations is a diagonal straight line in the Edgeworth box.
• C)Dan's consumption of x is greater than his consumption of y.
• D)Dan consumes more than 10 units of x.
• E)Marilyn consumes at least 40 units of x.

Recognize the concept of fitness and how it relates to natural selection and evolutionary change.

Understand trade-offs in evolutionary biology and how they influence the evolution of traits.

Grasp the significance of empirical data, such as population sizes and trait distributions, in studying evolution.

Relate environmental changes and challenges to the evolution of reproductive strategies.

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Definitions:

Pediatric Dose

The specific amount of medication recommended for children, adjusted according to age, weight, and disease severity.

Liquid Medication

Medicines that are in liquid form, which can be easier to swallow or administer than pills for some patients, especially children or those with swallowing difficulties.

Oral Syringe

A device used to administer liquid medications orally, ensuring accurate dosage measurement.

Inhaled Medication

Medicines delivered through the respiratory system using devices like inhalers or nebulizers for conditions like asthma.