Verify if the allocation are feasible & pareto optimal

Assignment Help Finance Basics
Reference no: EM131142347

There are two people (A&B) and two goods (1&2). One production process is available with a production function y2 (y1) = 2y1. The two people are endowed with a total of 60 units of good 1 (we do not know what is the division of wealth). The utility function are uA (x1A, x2A) = x1A x2A and uB (x1B, x2B) = x1B x2B

Verify if the following allocation are feasible & Pareto optimal.

(x1A, x2A) = (12,24) and (x1B, x2B) = (24,24)

(x1A, x2A) = (20,20) and (x1B, x2B) = (20,20)

(x1A, x2A) = (20,40) and (x1B, x2B) = (10,10)

Reference no: EM131142347

Questions Cloud

When does fertilization occur in the mushroom life cycle : What global climatic change gave gymnosperms an advantage over ferns? Where and when does fertilization occur in the mushroom life cycle?
How managers develop buy in from the various groups : "Buy-in" of the strategic direction of the organization is important.- How should managers develop buy-in from the various groups and areas within the organization?
Determine total delay and maximum queue length : Determine total delay, maximum queue length, and the time that the 20th vehicle to arrive waits from its arrival to its departure.
Why would your enthusiasm for rent control wane over time : Why would your enthusiasm for rent control wane over time?
Verify if the allocation are feasible & pareto optimal : There are two people (A&B) and two goods (1&2). One production process is available with a production function y2 (y1) = 2y1. The two people are endowed with a total of 60 units of good 1 (we do not know what is the division of wealth). The utility f..
What is the maximum queue length : When will the queue clear, what is the total delay, and what is the maximum queue length?
Who makes the economic decisions and produce goods : What is produced, and in what quantities? How are these goods produced? For whom are they produced? Who makes the economic decisions?
What is the total delay and the maximum queue length : What is the total delay and the maximum queue length - the parking lot opens and processes vehicles at a rate of 12 per minute.
What name is given to the food-trapping cells of sponges : What name is given to the food-trapping cells of sponges? Which of the following levels of structure encompasses all the others? Which of the following animals does not have a body cavity?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd