Suppose that Paul and David have utility functions U = 3AP + OP and U = AD + 2OD, respectively, where AP and OP are Paul's consumptions of apples and oranges and AD and OD are David's consumptions of apples and oranges.The total supply of apples and oranges to be divided between them is 10 apples and 20 oranges.The "fair" allocations consist of all allocations satisfying
A) AD = AP and OD + OP.
B) 6AP + 2OP is at least 50 and 2AD + 4OD is at least 50.
C) 3AP+ OP is at least 50 and 2AD + 2OD is at least 50.
D) AD + OD is at least 15 and AS + OS is at least 15.
E) 3AP + OP is at least AD + 2OD and AD + 2OD is at least 3AP + OP.
Correct Answer:
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