Suppose there are only two people, simon and charity, who must split a fixed income of $100. for simon, the marginal utility of income is 400 2ssmui  whereas for charity the marginal utility of income is 400 6ccmui  where si and ci are the amounts of income for simon and charity, respectively. a. [5 points] what is the optimal distribution of income if the social welfare function is additive? b. [5 points] what is the optimal distribution if society values only the utility of charity? what if the reverse is true? comment on your answers. c. [5 points] finally, comment on how your answers change if the marginal utility of income for both simon and charity is constant: 400scmu mu.

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4

10.     lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d   incorrect

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively