Q 1 (20 Points) Consumers, A and B, are currently have the following amounts of goods X and Y under the allocation 1 Both consumers have the utility function of U X Y The alternative allocation is allocation 2 Answer the following questions a Which allocation is superior according to Kaldor Compensation Test b Which allocation is superior according to Hicks Compensation Test c Which allocation is superior according to Kaldor Hick Scitovsky Test Q 1 (20 Points) Consumers, A and B, are currently have the following amounts of goods X and Y under the allocation 1 Both consumers have the utility function of U X Y The alternative allocation is allocation 2 Answer the following questions a Which allocation is superior according to Kaldor Compensation Test b Which allocation is superior according to Hicks Compensation Test c Which allocation is superior according to Kaldor Hick Scitovsky Test

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Q 1  (20 Points) Consumers, A and B, are currently have the following amounts of goods X and Y under the allocation 1  Both consumers have the utility function of U X Y  The alternative allocation is allocation 2  Answer the following questions  a  Which allocation is superior according to Kaldor Compensation Test  b  Which allocation is superior according to Hicks Compensation Test  c  Which allocation is superior according to Kaldor Hick Scitovsky Test  Q 1  (20 Points) Consumers, A and B, are currently have the following amounts of goods X and Y under the allocation 1  Both consumers have the utility function of U X Y  The alternative allocation is allocation 2  Answer the following questions  a  Which allocation is superior according to Kaldor Compensation Test  b  Which allocation is superior according to Hicks Compensation Test  c  Which allocation is superior according to Kaldor Hick Scitovsky Test

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Q.1. (20 Points) Consumers, A and B, are currently have the following amounts of goods X and Y under the allocation 1. Both consumers have

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