Re: varian workbook questions

Posted by Amit Goyal on Apr 09, 2009; 3:39am
URL: http://discussion-forum.276.s1.nabble.com/varian-workbook-questions-tp2594649p2609327.html

Ch-32
9 (a) McCoy --> Wm = 4, Wh = 0
Hatfield --> Wm = 0, Wh = 4
(b) Utility will be -2 for both
Utility after bear spilled two quarts will be 0 for both
No, its not pareto optimal.
(c) They must throw away 3 quarts