Suppose that Romeo in Problem 8 has the utility function U= S6 RS, and Juliet has the utility function U= SRS6, where SRis Romeo's spaghetti consumption and S, is Juliet's. They have 70 units of spåghetti to divide between them. a) Juliet would want to give Romeo some spaghetti if she has more than 42 units of spaghetti. b) Romeo would want to give Juliet some spaghetti if he had more than 35 units of spaghetti. C) Romeo and Juliet would never disagree about how to divide the spaghetti. d) Romeo would want to give Juliet some spaghetti if he has more than 38 units of spaghetti. Juliet would want to give Romeo some spaghetti if she has more than 40 units.

Suppose that Romeo in Problem 8 has the utility function U= S6 RS, and Juliet has the utility function U= SRS6, where SRis Romeo's spaghetti consumption and S, is Juliet's. They have 70 units of spåghetti to divide between them. a) Juliet would want to give Romeo some spaghetti if she has more than 42 units of spaghetti. b) Romeo would want to give Juliet some spaghetti if he had more than 35 units of spaghetti. C) Romeo and Juliet would never disagree about how to divide the spaghetti. d) Romeo would want to give Juliet some spaghetti if he has more than 38 units of spaghetti. Juliet would want to give Romeo some spaghetti if she has more than 40 units.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter10: Consumer Choice Theory

Section: Chapter Questions

Problem 9P

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