Suppose That Paul and David Have Utility Functions U =

question 23

Multiple Choice

Suppose that Paul and David have utility functions U = 4A P + O P and U = A D + 5O 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 orange.The total supply of apples and oranges to be divided between them is 20 apples and 14 oranges.The "fair" allocations consist of all allocations satisfying the following conditions.

• A)4A_P + O_P is at least 94 and 2A_D + 5O_D is at least 90.
• B)A_D + O_D is at least 17 and A_S + O_S is at least 17.
• C)A_D = A_P and O_D = O_P.
• D)8A_P + 2O_P is at least 94 and 2A_D + 10O_D is at least 90.
• E)4A_P + O_P is at least A_D + 5O_D and A_D + 5O_D is at least 4A_P + O_P.

Identify historical figures and their contributions to civic clubs and ethical thinking.

Recognize the significance of moral behavior in personal and professional contexts.

Comprehend legislative responses to corporate ethics scandals.

Recognize leadership values and their impact on the leader-follower relationship.

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Definitions:

Management By Objectives

A strategic management model where employees and managers collaborate to identify and achieve well-defined objectives.

Performance Targets

Specific goals set for employees or departments to achieve within a timeframe, used to measure and encourage productivity and effectiveness.

Sales Manager

A professional responsible for directing and guiding a sales team, setting sales goals, and developing strategies to achieve these goals.

Merit System

A process or policy by which employees are rewarded or promoted based on their performance and capabilities.