Suppose that Romeo the utility function U = S 6RS4J and Juliet has the utility function U =S4RS 6J,where SR is Romeo's spaghetti consumption and SJ is Juliet's.They have 70 units of spaghetti to divide between them.

A) Romeo would want to give Juliet some spaghetti if he had more than 35 units of spaghetti. B) Juliet would want to give Romeo some spaghetti if she has more than 40 units. C) Romeo and Juliet would never disagree about how to divide the spaghetti. D) Romeo would want to give Juliet some spaghetti if he has more than 38 units of spaghetti. E) Juliet would want to give Romeo some spaghetti if she has more than 42 units of spaghetti. A) Romeo would want to give Juliet some spaghetti if he had more than 35 units of spaghetti. B) Juliet would want to give Romeo some spaghetti if she has more than 40 units. C) Romeo and Juliet would never disagree about how to divide the spaghetti. D) Romeo would want to give Juliet some spaghetti if he has more than 38 units of spaghetti. E) Juliet would want to give Romeo some spaghetti if she has more than 42 units of spaghetti.

Exam 34:Welfare-Part B

Suppose that Paul and David have utility functions U = 5A_P+ O_P and U = A_D + 3O_D,respectively,where A_P and O_P are Paul's consumptions of apples and oranges and A_D and O_D 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

(Multiple Choice)

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Question 21

A Borda count is used to decide an election between three candidates,x,y,and z,where a score of 1 is awarded to a first choice,2 to a second choice,and 3 to a third choice.There are 25 voters.3 voters rank the candidates x first,y second,and z third;10 voters rank the candidates x first,z second,and y third;6 rank the candidates z first,y second,and x third;and 6 voters rank the candidates y first,z second,and x third.Which candidate wins?

(Multiple Choice)

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Question 22

A parent has two children living in cities with different costs of living.The cost of living in city B is 2 times the cost of living in city A.The child in city A has an income of $5,000 and the child in city B has an income of $10,000.The parent wants to give a total of $4,000 to her two children.Her utility function is U(C_A,C_B)=C_AC_B,where C_A and C_B are the consumptions of the children living in cities A and B respectively.She will choose to give

(Multiple Choice)

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Question 23

Suppose that Romeo the utility function U = S ⁶_RS⁴_J and Juliet has the utility function U =S⁴_RS ⁶_J,where S_R is Romeo's spaghetti consumption and S_J is Juliet's.They have 70 units of spaghetti to divide between them.

(Multiple Choice)

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Question 24

A Borda count is used to decide an election between three candidates,x,y,and z,where a score of 1 is awarded to a first choice,2 to a second choice,and 3 to a third choice.There are 20 voters.4 voters rank the candidates x first,y second,and z third;5 voters rank the candidates x first,z second,and y third;8 rank the candidates z first,y second,and x third;and 3 voters rank the candidates y first,z second,and x third.Which candidate wins?

(Multiple Choice)

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Question 25

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Exam 34:Welfare-Part B

Suppose that Romeo the utility function U = S 6RS4J and Juliet has the utility function U =S4RS 6J,where SR is Romeo's spaghetti consumption and SJ is Juliet's.They have 70 units of spaghetti to divide between them.

Demand-Part A

Revealed Preference-Part A

Revealed Preference-Part B

Slutsky Equation-Part A

Slutsky Equation-Part B

Buying and Selling-Part A

Buying and Selling-Part B

Intertemporal Choice-Part A

Intertemporal Choice-Part B

Asset Markets-Part A

Asset Markets-Part B

Uncertainty-Part A

Uncertainty-Part B

Risky Assets-Part A

Risky Assets-Part B

Consumers Surplus-Part A

Consumers Surplus-Part B

Market Demand-Part A

Market Demand-Part B

Equilibrium-Part A

Equilibrium-Part B

Auctions-Part A

Auctions-Part B

Technology-Part A

Technology-Part B

Profit Maximization-Part A

Profit Maximization-Part B

Cost Minimization-Part A

Cost Minimization-Part B

Cost Curves-Part A

Cost Curves-Part B

Firm Supply-Part A

Firm Supply-Part B

Industry Supply-Part A

Industry Supply-Part B

Monopoly-Part A

Monopoly-Part B

Monopoly Behavior-Part A

Monopoly Behavior-Part B

Factor Markets-Part A

Factor Markets-Part B

Oligopoly-Part A

Oligopoly-Part B

Game Theory-Part A

Game Theory-Part B

Game Applications-Part A

Game Applications-Part B

Behavioral Economics-Part A

Exchange-Part A

Exchange-Part B

Production-Part A

Production-Part B

Welfare-Part A

Externalities-Part A

Externalities-Part B

Information Technology-Part A

Information Technology-Part B

Public Goods-Part A

Public Goods-Part B

Asymmetric Information-Part A

Asymmetric Information-Part B

Filters

Suppose that Romeo the utility function U = S ⁶_RS⁴_J and Juliet has the utility function U =S⁴_RS ⁶_J,where S_R is Romeo's spaghetti consumption and S_J is Juliet's.They have 70 units of spaghetti to divide between them.