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[251 Besties, Sohail and Jimmy are binge-watching Twilight when the Covid lockdown starts. Owing to mobility restrictions, for 8 two week period, thev are
[251 Besties, Sohail and Jimmy are binge-watching Twilight when the Covid lockdown starts. Owing to mobility restrictions, for 8 two week period, thev are shut off from the rest of society (think of this as a deserted island situation). Although thev are unable to produce anvthing, thev are vervfortunate and each ofthem has a supply of cookies (c) and Mountain Dew (d). Sohail has 4 cookies and 3 bottles of Mountain Dew, while Jimmy has 3 cookies and 4 bottles of Mountain Dew. Although they like the same products, they have different preferences over cd2 and Jimmv/s utility function is U(c,d) = 3c2d . them; Sohail's utility function is Ll(c, d)
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