{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-12T12:11:56-04:00", "answer_date": "2024-06-12 12:11:56", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2804283", "url": "\/study-help\/questions\/consider-an-edgeworth-economy-where-there-are-two-citizens-2804283", "question_creation_date_js": "2024-06-12T12:11:56-04:00", "question_creation_date": "Jun 12, 2024 12:11 PM", "meta_title": "[Solved] Consider an Edgeworth economy where there | SolutionInn", "meta_description": "Answer of - Consider an Edgeworth economy where there are two citizens , Mr. Cortopassi and Ms. Thomas . There are only two goods | SolutionInn", "meta_keywords": "edgeworth,economy,two,citizens,cortopassi,ms,thomas,goods,consumed,beer,pretzels,total", "question_title_h1": "Consider an Edgeworth economy where there are two citizens , Mr. Cortopassi and Ms. Thomas . There are only two goods to be consumed in", "question_title": "Consider an Edgeworth economy where there are two citizens , Mr. Cortopassi", "question_title_for_js_snippet": "Consider an Edgeworth economy where there are two citizens , Mr Cortopassi and Ms Thomas There are only two goods to be consumed in the economy , Beer and Pretzels The total amount of Beer is 12 units The total amount of Pretzels is 12 units Suppose Mr Cortopassi has utility for the two goods characterized as Uc ( B , P ) 2B P Ms Thomas's utility function is UT ( B , P ) B P Identify the points that are Pareto efficient ", "question_description": "

Consider an Edgeworth economy where there are two citizens , Mr. Cortopassi and Ms. Thomas . There are only two goods to be consumed in the economy , Beer and Pretzels . The total amount of Beer is 12 units . The total amount of Pretzels is 12 units . Suppose Mr. Cortopassi has utility for the two goods characterized as Uc ( B , P ) -2B + P . Ms. Thomas's utility function is UT ( B , P ) = B + P . Identify the points that are Pareto efficient .<\/p>", "transcribed_text": "", "related_book": { "title": "Public Finance A Contemporary Application of Theory to Policy", "isbn": "9781305474253, 1285173953, 1305474252, 978-1285173955", "edition": "11th edition", "authors": "David N Hyman", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/515.jpg", "uri": "\/textbooks\/public-finance-a-contemporary-application-of-theory-to-policy-11th-edition-515", "see_more_uri": "" }, "free_related_book": { "isbn": "73380667", "uri": "\/textbooks\/engineering-electro-magnetics-8th-edition-1663", "name": "Engineering Electromagnetics ", "edition": "8th edition" }, "question_posted": "2024-06-12 12:11:56", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/red-bull-has-numerous-imc-activities-including-its-tv-advertising", "description": "Red Bull has numerous IMC activities including its TV advertising, events, and promotional activities. 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