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Only Individuals a and B Live on a Desert Island

Question 29

Multiple Choice

Only individuals A and B live on a desert island where no production is possible.A is endowed with 15 units of good X and 17 units of good Y.B is endowed with 13 units of good X and 23 units of good Y.In the Edgeworth box,good X is measured on the horizontal axis.Individual A's utility function is UA = 3XY so her MUX = 3Y and her MUY = 3X.Individual B's utility function is UB = 10 Only individuals A and B live on a desert island where no production is possible.A is endowed with 15 units of good X and 17 units of good Y.B is endowed with 13 units of good X and 23 units of good Y.In the Edgeworth box,good X is measured on the horizontal axis.Individual A's utility function is U<sub>A</sub> = 3XY so her MU<sub>X</sub> = 3Y and her MU<sub>Y</sub> = 3X.Individual B's utility function is UB = 10 so his and his MU<sub>Y</sub> = 5 .Which of the following allocations are on the contract curve? A) (X<sub>A</sub> = 14, Y<sub>A</sub> = 20) , (X<sub>B</sub> = 14, Y<sub>B</sub> = 20) B) (X<sub>A</sub> = 15, Y<sub>A</sub> = 17) , (X<sub>B</sub> = 13, Y<sub>B</sub> = 23) C) (X<sub>A</sub> = 18, Y<sub>A</sub> = 22) , (X<sub>B</sub> = 10, Y<sub>B</sub> = 18) D) None of the above. Only individuals A and B live on a desert island where no production is possible.A is endowed with 15 units of good X and 17 units of good Y.B is endowed with 13 units of good X and 23 units of good Y.In the Edgeworth box,good X is measured on the horizontal axis.Individual A's utility function is U<sub>A</sub> = 3XY so her MU<sub>X</sub> = 3Y and her MU<sub>Y</sub> = 3X.Individual B's utility function is UB = 10 so his and his MU<sub>Y</sub> = 5 .Which of the following allocations are on the contract curve? A) (X<sub>A</sub> = 14, Y<sub>A</sub> = 20) , (X<sub>B</sub> = 14, Y<sub>B</sub> = 20) B) (X<sub>A</sub> = 15, Y<sub>A</sub> = 17) , (X<sub>B</sub> = 13, Y<sub>B</sub> = 23) C) (X<sub>A</sub> = 18, Y<sub>A</sub> = 22) , (X<sub>B</sub> = 10, Y<sub>B</sub> = 18) D) None of the above. so his Only individuals A and B live on a desert island where no production is possible.A is endowed with 15 units of good X and 17 units of good Y.B is endowed with 13 units of good X and 23 units of good Y.In the Edgeworth box,good X is measured on the horizontal axis.Individual A's utility function is U<sub>A</sub> = 3XY so her MU<sub>X</sub> = 3Y and her MU<sub>Y</sub> = 3X.Individual B's utility function is UB = 10 so his and his MU<sub>Y</sub> = 5 .Which of the following allocations are on the contract curve? A) (X<sub>A</sub> = 14, Y<sub>A</sub> = 20) , (X<sub>B</sub> = 14, Y<sub>B</sub> = 20) B) (X<sub>A</sub> = 15, Y<sub>A</sub> = 17) , (X<sub>B</sub> = 13, Y<sub>B</sub> = 23) C) (X<sub>A</sub> = 18, Y<sub>A</sub> = 22) , (X<sub>B</sub> = 10, Y<sub>B</sub> = 18) D) None of the above. and his MUY = 5 Only individuals A and B live on a desert island where no production is possible.A is endowed with 15 units of good X and 17 units of good Y.B is endowed with 13 units of good X and 23 units of good Y.In the Edgeworth box,good X is measured on the horizontal axis.Individual A's utility function is U<sub>A</sub> = 3XY so her MU<sub>X</sub> = 3Y and her MU<sub>Y</sub> = 3X.Individual B's utility function is UB = 10 so his and his MU<sub>Y</sub> = 5 .Which of the following allocations are on the contract curve? A) (X<sub>A</sub> = 14, Y<sub>A</sub> = 20) , (X<sub>B</sub> = 14, Y<sub>B</sub> = 20) B) (X<sub>A</sub> = 15, Y<sub>A</sub> = 17) , (X<sub>B</sub> = 13, Y<sub>B</sub> = 23) C) (X<sub>A</sub> = 18, Y<sub>A</sub> = 22) , (X<sub>B</sub> = 10, Y<sub>B</sub> = 18) D) None of the above. .Which of the following allocations are on the contract curve?


A) (XA = 14, YA = 20) , (XB = 14, YB = 20)
B) (XA = 15, YA = 17) , (XB = 13, YB = 23)
C) (XA = 18, YA = 22) , (XB = 10, YB = 18)
D) None of the above.

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