Mutt's Utility Function Is U(m, J)= Max{3m, J} and Jeff's

question 4

Multiple Choice

Mutt's utility function is U(m, j) = max{3m, j} and Jeff's utility function is U(m, j) =2m + j.Mutt is initially endowed with 3 units of milk and 2 units of juice and Jeff is initially endowed with 5 units of milk and 6 units of juice.If we draw an Edgeworth box with milk on the horizontal axis and juice on the vertical axis and if we measure goods for Mutt by the distance from the lower left corner of the box, then the set of Pareto optimal allocations includes the

• A)left edge of the Edgeworth box but no other edges.
• B)bottom edge of the Edgeworth box but no other edges.
• C)left edge and bottom edge of the Edgeworth box.
• D)right edge of the Edgeworth box but no other edges.
• E)right edge and top edge of the Edgeworth box.

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Definitions:

Carotid Artery

A major artery located on each side of the neck that supplies blood to the brain, neck, and face.

Second Heart Sound

The heart sound produced by the closing of the semilunar valves (aortic and pulmonary) at the beginning of ventricular diastole.

Cardiac Cycle

The sequence of events that occur in a complete heartbeat, including diastole and systole phases.

Isovolumetric Relaxation

A phase in the cardiac cycle where the heart muscle relaxes but the volume of the ventricles does not change because all heart valves are closed.