Examlex

Solved

Professor Nightsoils Utility Function Is U N (B N, P

question 63

Multiple Choice

Professor Nightsoils utility function is U N (B N, P N) = BN + 4P1/2N and Dean Interfaces utility function is U I (B I, P I) = BI + 2P1/2I, where B N and B I are the number of bromides and P N and P I are the number of platitudes consumed by Nightsoil and Interface respectively.If Nightsoils initial endowment is 4 bromides and 10 platitudes and if Interfaces initial endowment is 3 bromides and 15 platitudes, then at any Pareto efficient allocation in which both consume positive amounts of both goods,


Definitions:

Related Questions