Answer to Question #216018 in Finance for Laboni

Question #216018
Kamal and Jamal who must split a fixed amount of income of 900 tk. Jamal's income is Ik and utility function is Uk, while for Jamal it is Ij and Uj. Suppose UK=90ik^1/2 and Uj=180Ij^1/2. While the social welfare function is additive and given by W= UK+Uj. What distribution of total income between Kamal and Jamal will maximize social welfare.
1
Expert's answer
2021-07-13T11:56:11-0400
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