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3 The utility possibilities frontier for the two individuals A and B can be represented by 60 ( / 2) U U B A =
3 The utility possibilities frontier for the two individuals A and B can be represented by 60 ( / 2) U U B A = for UA 0,80 and 100 U U B A = for UA 80,100 where UA and UB stand for the utilities of A and B respectively. What are the optimal levels of UA and UB according to the Rawlsian criterion? (a) UA=40 and UB=50. (b) UA=50 and UB=40. (c) UA=40 and UB=40. (d) UA=50 and UB=50
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
