Examlex

Solved

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

question 64

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 25 platitudes and if Interfaces initial endowment is 2 bromides and 20 platitudes, then at any Pareto efficient allocation in which both consume positive amounts of both goods,


Definitions:

Large Intestine

The terminal part of the gastrointestinal tract, responsible for water absorption, and formation and excretion of feces.

Digestive System

The complex series of organs and glands responsible for the ingestion, digestion, and absorption of food and elimination of waste.

Trypsin

An enzyme produced in the pancreas that helps digest proteins in the small intestine.

Chymotrypsin

An enzyme located in the small intestine that digests proteins into smaller peptide fragments.

Related Questions