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6. Consider 2 consumers A and B, who both consume goods 1 and 2. There are only 5 possible ways in which the two goods c
Posted: Sat Mar 19, 2022 5:51 pm
by answerhappygod
- 6 Consider 2 Consumers A And B Who Both Consume Goods 1 And 2 There Are Only 5 Possible Ways In Which The Two Goods C 1 (32.96 KiB) Viewed 61 times
6. Consider 2 consumers A and B, who both consume goods 1 and 2. There are only 5 possible ways in which the two goods can be shared: allocations a,b,c,d,e. Each consumer's utility at those allocations is listed below. Select all that are Pareto efficient. A. a, for which U^(a) = 1, U'(a) = 10 B. b, for which U^(b) = 8, UB(b) = 9 C. c, for which UAC) = 9,UBC) = 9 D. d, for which U^(d) = 1, UB(d) = 9 E. e, for which U(e) = 0, UB(e) = 12 = = =