Correct Ans - D
Maurice is characterized by the utility function UMwb, wiehilip by U(bP.wP) -bPwP, where bi, i-M,P denotes...
40. Morris has the utility function U(b, w) 3b +3w and Philip has the utility function U(b, w) - bw, where b is the number of books consumed per month and w is bottles of wine consumed per month. If we draw an Edgeworth box with books on the horizontal axis and wine on the vertical axis and if we measure Morris's consumptions from the lower left corner of the box, then the contract curve contains a. a straight line...
Mutt's utility function is Um,j) max3m,j) and Jeffs utility function is U(m,j)-3m + j. Mutt is initially endowed with 6 units of milk and 2 units of juice and Jeff is initially endowed with 2 units of milk and 6 units of juice. If we draw an Edgeworth box with milk on the horizontal axis and juice on the vertical axis and if we measure goods for Mutt by the distance from the lower left corner of the box, then...
5. Mutt's utility function is m, )- max( 3m,J) and Jeff's utility function is U(m,j)-2m +j. Mutt is initially endowed with 3 units of milk and 2 units of juice and Jeff is initially endowed with 5 units of milk and 6 units of juice. If we draw an Edgeworth box with milk on the horizontal axis and juice on the vertical axis and if we measure goods for Mutt by the distance from the lower left corner of the...
Consider a cylindrical capacitor like that shown in Fig. 24.6. Let d = rb − ra be the spacing between the inner and outer conductors. (a) Let the radii of the two conductors be only slightly different, so that d << ra. Show that the result derived in Example 24.4 (Section 24.1) for the capacitance of a cylindrical capacitor then reduces to Eq. (24.2), the equation for the capacitance of a parallel-plate capacitor, with A being the surface area of...