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Pareto efficient question

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paparich
 
Reply Fri 10 Feb, 2012 08:01 pm
a)Consider a world with 2 people A and B. Let S be utility possibility set : (Ua,Ub) is in S, if it's possible for person A to get to utility Ua and person B to Ub.

If Ua = 3 and Ub=7 maximises Ua+Ub in S, is (Ua, Ub)=(3,7) Pareto efficient ??

b)if the utilities maximises Ua*Ub in S, is (Ua, Ub) pareto efficient ?

*anyone who knows how to solve this could you explain to me please , thanks !
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