Suppose that Paul and David have utility functions U = 5AP + OP and U = AD + 3OD, respectively, where AP and OP are Paul's consumptions of apples and oranges and AD and OD are David's consumptions of apples and oranges.The total supply of apples and oranges to be divided between them is 16 apples and 14 oranges.The "fair" allocations consist of all allocations satisfying
A) 5AP + OP is at least 94 and 2AD + 3OD is at least 58.
B) AD = AP and OD + OP.
C) AD + OD is at least 15 and AS + OS is at least 15.
D) 10AP + 2OP is at least 94 and 2AD + 6OD is at least 58.
E) 5AP + OP is at least AD + 3OD and AD + 3OD is at least 5AP + OP.
Correct Answer:
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