Now assume the Sorbent is on sale, offering 50% off. Determine Tywin's optimal quantity of K and S now.

What is the optimal K in his optimal bundle? Please enter a whole number only, with no space, no letters, and no special characters like dollar signs. 

Assume the price per roll is $3 for Kleenex and $2 for Sorbent. Determine Tywin's optimal quantity of K and S.

What is the optimal K in his optimal bundle? Please enter a whole number only, with no space, no letters, and no special characters like dollar signs. 

What is the optimal S in his optimal bundle? Please enter a whole number only, with no space, no letters, and no special characters like dollar signs. 

Read the following statements about private property and select the one that is not true.

Suppose, in Game 1, Jack places two $5 bills into two envelopes (one in each). But just before he gives the envelope to each recipient, he is told that actually each dollar given to one of the recipients (call this recipient Person A) will become $2 and each dollar given to the other recipient (call this recipient Person B) remains the same (i.e. will not be doubled).

Do you agree with the following statement?

“It would be Pareto improvement if Jack gives both envelopes (i.e. $10 in total) to Person A and leave nothing to Person B.“

Explanation:

The original statement in this question was: 

So we changed it to the current statement:

Given that we revised the question after some students have attempted this question, we give both answers 100%.

Do

you agree with the following statement and why?

“Each

recipient receives less in Game 2 than Game 1 because they have less power in

Game 2 when there are more recipients.”