27. Suppose a man and a woman are in love and care for the other’s happiness as
ID: 1119226 • Letter: 2
Question
27. Suppose a man and a woman are in love and care for the other’s happiness as well as their own consumption. Suppose the woman is more selfish than the woman
UM = CM1/2 UW1/2
UW = CW2/3 UM1/3
They will maximize the joint happiness (UM + UW) where
a.
CM = 100; CW = 0
b.
CW = 100; CM = 100
c.
50 < CM < 100; 0 < CW < 50
d.
50 < CW < 100; 0 < CM < 50
ANSWER:
POINTS:
1
a.
CM = 100; CW = 0
b.
CW = 100; CM = 100
c.
50 < CM < 100; 0 < CW < 50
d.
50 < CW < 100; 0 < CM < 50
Explanation / Answer
Option C
UM = CM1/2 UW1/2
UW = CW2/3 UM1/3
The woman is more selfish than the woman
c.
50 < CM < 100; 0 < CW < 50
c.
50 < CM < 100; 0 < CW < 50
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