Hatfield and McCoy Burn with Hatred for Each Other

question 18

Multiple Choice

Hatfield and McCoy burn with hatred for each other.They both consume corn whisky.Hatfield's utility function is U = W_H - W ²_M / 40 and McCoy's utility is U = W_M - W ²_H / 40, where W_H is Hatfield's whisky consumption and W_M is McCoy's whisky consumption, measured in gallons.The sheriff has a total of 60 gallons of confiscated whisky which he could give back to them.For some reason, the sheriff wants them both to be as happy as possible and he wants to treat them equally.The sheriff should give them each

• A)30 gallons.
• B)20 gallons and spill 20 gallons in the creek.
• C)24 gallons and spill the rest in the creek.
• D)10 gallons and spill 40 gallons in the creek.
• E)5 gallons and spill the rest in the creek.

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Definitions:

System

A system is a coherent set of interrelated components that work together to achieve a specific goal or function, often within an organizational or technological context.

Systems Thinking

An analytical approach focused on understanding the interconnections and interactions within complex systems, rather than viewing components in isolation.

Interrelated Parts

Interrelated parts describe components that are connected in such a way that changes in one part can affect the functioning of other parts within a system.

Larger Entity

A term that refers to something that is bigger or more significant in size, scope, or complexity, often compared to smaller components or units.