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ECOn m/c Ann's utility function is uA (XA, G) = XAG and Meg's utility function is...

Question:

ECOn m/c

Anns utility function is uA (XA, G) = XAG and Megs utility function is UM(XM, G) = XM +0.5G, where is their expenditure (in

Ann's utility function is uA (XA, G) = XAG and Meg's utility function is UM(XM, G) = XM +0.5G, where is their expenditure (in dollars) on the public good they share and where X A and X m are their respective private consumption expenditures (in dollars). The total amount they have to spend on private and public goods is $11,000. They agree on a Pareto optimal pattern of expenditures in which the amount that is spent on Meg's private consumption is $2,000. How much do they spend on public goods? Select one: a. $6,400 b. $6,000 c. $5,400 d. $5,000 e. There is not enough information to determine the answer.

Answers

so, xa + 7 = 1 ANSWERE We already knew that public expenses plus Anns private expenses pplus megs private expenses cant exхат Ха - 11 ооо - 2-ОО 3 Ха - а, ООО Ха - Зоор So, G=axa = а збор - о, ооо. [option ы

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