Lucy's Utility Function Is 2X_L + G and Melvin's Utility

question 25

Multiple Choice

Lucy's utility function is 2X_L + G and Melvin's utility function is X_MG, where G is their expenditures on the public goods they share in their apartment and where X_L and X_M are their respective private consumption expenditures.The total amount they have to spend on private goods and public goods is $33,000.They agree on a Pareto optimal pattern of expenditures in which the amount that is spent on Lucy's private consumption is $9,000.How much do they spent on public goods?

• A)$4,000
• B)$16,000
• C)$8,550
• D)$8,000
• E)There is not enough information here to be able to determine the answer.

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Definitions:

Cartilaginous Joints

Joints where the bones are connected by cartilage, allowing for only limited movement.

Amphiarthrotic Joints

Partially movable joints that allow for limited movement, providing flexibility and stability, such as the intervertebral discs of the spine.

Synarthrotic Joints

A type of joint characterized by very limited or no movement because the bones are connected by fibrous tissue or cartilage.

Cartilaginous Joints

Type of joint where the bones are united by cartilage, allowing for more limited movement than synovial joints.