Angela is a farmer who works on Bruno's land. The diagram illustrates Angelaand Bruno's combined feasible frontier, Angela's biological survival constraintand Angela's reservation indifference curve. Which of the followingstatements about the decision made on Angela's free time and bushels ofgrain is incorrect?Angela's biologicalsurvival constraintAngela's reservationindifference curve12-4.5.Feasible frontier:Angela and Brunocombined13 1624Angela's hours of free timeBushels of grain Angela's hours of free time6.Technically feasiblEconomically feasi(joint surplus)4.513 1624Angela's hours of free timeSelect one:If Angela can take or leave the allocation Bruno offers, Bruno gets 4.5bushels of grain.О а.O b. If Angela can take or leave the allocation Bruno offers, she will notagree to any allocation below her reservation indifference curve.O c. If Bruno can enforce any allocation he wants, he will choose one thatgives him 6 bushels of grain.d. Total production of grain is lower if both parties bargain whencompared to the case where Angela has no bargaining power.O e. If Bruno can enforce any allocation he wants, he will choose one thatmaximises the total output.What Bruno gets

Answered: Angela is a farmer who works on Bruno's…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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