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answerhappygod
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by answerhappygod »
- U1 X11 X12 Max 4 Min X11 X12 W 7 7 U X21 X22 5x21x22 W2 1 Individual 1 S Consumption In A Pareto 1 (14.81 KiB) Viewed 43 times
u₁(x11, X12) = max{4,min{x₁1, X12}}, w₁ = (7,7) ; u₂(x21,X22) = 5x21x22, W2 = (1 ,Individual 1's consumption in a Pareto efficient allocation with u₁=4: (A) (4,4) (B) (7,4) (C) (0,0) (D) Does not exist
u1(x11, X12) = max{4,min{x11, X12}}, w₁ = (7,7) ; u₂(x21,X22) = 5x21x22, W2 = (1 Individual 1's consumption in a Pareto efficient allocation with u₁=4: (A) (4,4) (B) (7,4) (C) (0,0) (D) Does not exist
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