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Suppose that Tang and Wilson must split a fixed 600 pounds of food between them. Tang's utility function is Up = vF1 and Wilson's utility
Suppose that Tang and Wilson must split a fixed 600 pounds of food between them. Tang's utility function is Up = vF1 and Wilson's utility function is Uw = 7 VF2, where Fi and F2 are the pounds of food to Tang and Wilson, respectively. If the social welfare function is Up + Uw, what distribution of food maximizes social welfare? OF1 = 330, F2 = 270 OF1 = 480, F2 = 120 OF1 = 270, F2 = 330 OF1 = 300, F2 = 300 What is the maximized value of the social welfare function? (express your answer as a decimal, e.g. 0.78 and not as a percentage, i.e. 78%; round to the second digit after the decimal point.)
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