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Suppose That Paul and David Have Utility Functions U

question 18

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Suppose that Paul and David have utility functions U = 3AP + OP and U = AD + 2OD, respectively, where AP and OP are Paul's consumptions of apples and oranges and AD and OD are David's consumptions of apples and oranges.The total supply of apples and oranges to be divided between them is 10 apples and 20 oranges.The "fair" allocations consist of all allocations satisfying


Definitions:

Tokenism

The practice of making only a perfunctory or symbolic effort to be inclusive to members of minority groups, especially by recruiting a small number of people from underrepresented groups in order to give the appearance of equality.

Minority Group

A sociological term referring to a category of people differentiated from the social majority, often marked by differences in race, ethnicity, culture, or sexual orientation.

Refugees

Individuals who flee their country due to fear of persecution, conflict, violence, or other circumstances that seriously disturb public order and require international protection.

Tokenism

The practice of making only a perfunctory or symbolic effort to be inclusive to members of minority groups, especially by recruiting a small number of people from underrepresented groups in order to give the appearance of equality within a workforce.

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