Professor Nightsoils utility function is U N (B N, P N ) = and Dean Interfaces utility function is U I (B I, P I ) = where B N and B I are the number of bromides and P N and P I are the number of platitudes consumed by Nightsoil and Interface respectively. If Nightsoils initial endowment is 4 bromides and 25 platitudes and if Interfaces initial endowment is 2 bromides and 20 platitudes, then at any Pareto efficient allocation in which both consume positive amounts of both goods,

Question

Professor Nightsoils utility function is U N (B N, P N ) =  and Dean Interfaces utility function is U I (B I, P I ) =  where B N and B I are the number of bromides and P N and P I are the number of platitudes consumed by Nightsoil and Interface respectively. If Nightsoils initial endowment is 4 bromides and 25 platitudes and if Interfaces initial endowment is 2 bromides and 20 platitudes, then at any Pareto efficient allocation in which both consume positive amounts of both goods,

Quizplus · Accepted Answer

The Answer of Professor Nightsoils utility function is U N (B N, P N ) =  and Dean Interfaces utility function is U I (B I, P I ) =  where B N and B I are the number of bromides and P N and P I are the number of platitudes consumed by Nightsoil and Interface respectively. If Nightsoils initial endowment is 4 bromides and 25 platitudes and if Interfaces initial endowment is 2 bromides and 20 platitudes, then at any Pareto efficient allocation in which both consume positive amounts of both goods,

Professor Nightsoils Utility Function Is U N (B N, P