Remember Bonnie and Clyde from Your Workbook? Suppose That Their

question 13

Multiple Choice

Remember Bonnie and Clyde from your workbook? Suppose that their total profits are 40H, where H is the number of hours they work per year.Their utility functions are, respectively,
U_B(C_B, H ) = C_B - 0.02H ² and U_C(C_C, H ) = C_C - 0.03H ², where C_B and C_C are their private goods consumptions and H is the number of hours they work per year.If they find a Pareto optimal choice of hours of work and income distribution, the number of hours they work per year must be

• A)500
• B)400
• C)150
• D)250

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