Mutt's Utility Function Is U(m, J)= Max{3m, J} and Jeff's

question 48

Multiple Choice

Mutt's utility function is U(m, j) = max{3m, 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)bottom edge of the Edgeworth box but no other edges.
• B)left edge of the Edgeworth box but no other edges.
• C)right 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:

Injection Procedure

A medical method involving the delivery of drugs or other substances into the body via a needle and syringe.

Electric Shocks

A sudden discharge of electricity through a part of the body, used experimentally or as a form of punishment in some of the Milgram experiment's protocols.

Classical Conditioning

An education method where two stimuli are steadily associated; the reaction initially comes from the second stimulus but is later directly elicited by the first stimulus alone.

Vicarious Punishment

A process by which an individual observes another being punished and thus learns to refrain from the punished behavior.