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Ecs2601 Assignment 5 Semester 1 2024
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90
May 2024
2023/2024
A+
. An island economy produces only two goods – coconuts and pineapples. There are five people (A, B, C, D and E) living on the island, with these preferences:
A has a strong preference for pineapples. B has a strong preference for coconuts.
C doesn’t care for pineapples (assigns no value to them).
D doesn’t care for coconuts (assigns no value to them).
E will only consume pineapples and coconuts in the fixed proportion of one pineapple to one coconut.
For each of these fi...
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