Post a New Question

Economics

posted by .

Suppose Fred and Ethel need to divide 20 pizza slices and 10 cans of beverage. Fred's utility function is given by the equation U=Min(Z,B), where Z is the amount of pizza and B is the amount of beverage. Ethel's utility is given by the equation U=Min(1/2Z,B). What are the efficient allocation of Pizza and Beverage?

  • Economics -

    see my answer to your later posting

Answer This Question

First Name
School Subject
Your Answer

Related Questions

More Related Questions

Post a New Question