Tom and Jerry live together, and they plan to do the chores on the weekends. They have 4 tasks to finish, and each of them needs to pick 2 tasks to finish. The table below demonstrates the their utilities of doing a task. The higher the utility is, the more preferred the task is. [Laundry] [Moaning] [Car Washing] [Floor Cleaning] Tom -6 X -10 -6 Jerry -6 -3 -12 -3 The current allocation is that Tom does moaning and car washing while Jerry does laundry and floor cleaning. What is the minimum value that X can be to make the current allocation Pareto optimal?

Tom and Jerry live together, and they plan to do the chores on the weekends. They have 4 tasks to finish, and each of them needs to pick 2 tasks to finish. The table below demonstrates the their utilities of doing a task. The higher the utility is, the more preferred the task is. [Laundry] [Moaning] [Car Washing] [Floor Cleaning] Tom -6 X -10 -6 Jerry -6 -3 -12 -3 The current allocation is that Tom does moaning and car washing while Jerry does laundry and floor cleaning. What is the minimum value that X can be to make the current allocation Pareto optimal?

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter15: The Shortcomings Of Free Markets

Section: Chapter Questions

Problem 1DQ

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	[Laundry]	[Moaning]	[Car Washing]	[Floor Cleaning]
Tom	-6	X	-10	-6
Jerry	-6	-3	-12	-3

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