Suppose that Romeo in Problem 8 has the utility function U= S6 RS, and Juliet has the utility function U= SRS6, where SRis Romeo's spaghetti consumption and S, is Juliet's. They have 70 units of spåghetti to divide between them. a) Juliet would want to give Romeo some spaghetti if she has more than 42 units of spaghetti. b) Romeo would want to give Juliet some spaghetti if he had more than 35 units of spaghetti. 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. Juliet would want to give Romeo some spaghetti if she has more than 40 units.

Suppose that Romeo in Problem 8 has the utility function U= S6 RS, and Juliet has the utility function U= SRS6, where SRis Romeo's spaghetti consumption and S, is Juliet's. They have 70 units of spåghetti to divide between them. a) Juliet would want to give Romeo some spaghetti if she has more than 42 units of spaghetti. b) Romeo would want to give Juliet some spaghetti if he had more than 35 units of spaghetti. 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. Juliet would want to give Romeo some spaghetti if she has more than 40 units.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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