satisfy the condition 4xi + 6yi ≥ 47.

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter4: Utility Maximization And Choice
Section: Chapter Questions
Problem 4.11P
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Q) Suppose that Bill and Ted have the same utility function: U(x,y) = 2xi + 2yi, where xi is is individual i's consumption of good x and yi is individual i's consumption of good y. There are ten units of good x and nine units of good y to distribute between them. Show that a fair allocation will satisfy the condition 4xi + 6yi  ≥ 47.

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