Suppose That Paul and David Have Utility Functions U =

question 25

Multiple Choice

Suppose that Paul and David have utility functions U = 4A P + O P and U F= A D + 4O D, respectively, where A P and O P are Paul's consumptions of apples and oranges and A D and O D are David's consumptions of apples and oranges.The total supply of apples and oranges to be divided between them is 20 apples and 12 oranges.The fair allocations consist of all allocations satisfying the following conditions.

• A)A_D = A_P and O_D = O_P.
• B)8A_P + 2O_P is at least 92 and 2A_D + 8O_D is at least 68.
• C)4A_P + O_P is at least 92 and 2A_D + 4O_D is at least 68.
• D)A_D + O_D is at least 16 and A_S + O_S is at least 16.
• E)4A_P + O_P is at least A_D + 4O_D and A_D + 4O_D is at least 4A_P + O_P.

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Definitions:

Gerontologist

A professional who specializes in the study of aging and the physical, mental, and social aspects associated with it.

Age Successfully

The ability to maintain physical health, cognitive function, and social involvement as one grows older.

Productive Activity

Any task or action that contributes to achieving a goal, generating outcomes, or creating value.

Consumable Goods

Items that are intended to be bought, used, and then replaced after their value has been fully consumed or they can no longer be used.