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Abduls Utility Is U(X A, Y a ) = Min{X

Question 8

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Abduls utility is U(X A, Y A ) = min{X A, Y A }, where X A and Y A are his consumptions of goods X and Y respectively. Babettes utility function is U(X B, Y B ) = X B Y B, where X B and Y B are her consumptions of goods X and Y. Abduls initial endowment is no units of Y and 7 units of X. Babettes initial endowment is no units of X and 6 units of Y. If X is the numeraire good and p is the price of good Y, then supply will equal demand in the market for Y if


A) Abduls utility is U(X A, Y A ) = min{X A, Y A }, where X A and Y A are his consumptions of goods X and Y respectively. Babettes utility function is U(X B, Y B ) = X B Y B, where X B and Y B are her consumptions of goods X and Y. Abduls initial endowment is no units of Y and 7 units of X. Babettes initial endowment is no units of X and 6 units of Y. If X is the numeraire good and p is the price of good Y, then supply will equal demand in the market for Y if A) B) C) D) E)
B) Abduls utility is U(X A, Y A ) = min{X A, Y A }, where X A and Y A are his consumptions of goods X and Y respectively. Babettes utility function is U(X B, Y B ) = X B Y B, where X B and Y B are her consumptions of goods X and Y. Abduls initial endowment is no units of Y and 7 units of X. Babettes initial endowment is no units of X and 6 units of Y. If X is the numeraire good and p is the price of good Y, then supply will equal demand in the market for Y if A) B) C) D) E)
C) Abduls utility is U(X A, Y A ) = min{X A, Y A }, where X A and Y A are his consumptions of goods X and Y respectively. Babettes utility function is U(X B, Y B ) = X B Y B, where X B and Y B are her consumptions of goods X and Y. Abduls initial endowment is no units of Y and 7 units of X. Babettes initial endowment is no units of X and 6 units of Y. If X is the numeraire good and p is the price of good Y, then supply will equal demand in the market for Y if A) B) C) D) E)
D) Abduls utility is U(X A, Y A ) = min{X A, Y A }, where X A and Y A are his consumptions of goods X and Y respectively. Babettes utility function is U(X B, Y B ) = X B Y B, where X B and Y B are her consumptions of goods X and Y. Abduls initial endowment is no units of Y and 7 units of X. Babettes initial endowment is no units of X and 6 units of Y. If X is the numeraire good and p is the price of good Y, then supply will equal demand in the market for Y if A) B) C) D) E)
E) Abduls utility is U(X A, Y A ) = min{X A, Y A }, where X A and Y A are his consumptions of goods X and Y respectively. Babettes utility function is U(X B, Y B ) = X B Y B, where X B and Y B are her consumptions of goods X and Y. Abduls initial endowment is no units of Y and 7 units of X. Babettes initial endowment is no units of X and 6 units of Y. If X is the numeraire good and p is the price of good Y, then supply will equal demand in the market for Y if A) B) C) D) E)

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