Bruno is a landowner and Angela is a farmer who pays a share of her grain output to Bruno as rent for the use of the land. Consider the following figure, which shows Angela's and Bruno's combined feasible set. Based on the figure, read the following statements and select the correct one(s).
Image failed to load: Angela's and Bruno's combined feasible set

Question

Bruno is a landowner and Angela is a farmer who pays a share of her grain output to Bruno as rent for the use of the land. Consider the following figure, which shows Angela's and Bruno's combined feasible set. Based on the figure, read the following statements and select the correct one(s).

Image failed to load: Angela's and Bruno's combined feasible set

Answer

If Bruno is totally selfish, then H is his most preferred allocation of the four.

Answer

G and/or E can be Angela's choice, depending on the shape of her indifference curves.

Answer

Angela can be indifferent between G and H.

Answer

Angela prefers G to working 12 hours and consuming 10 bushels.

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Bruno is a landowner and Angela is a farmer who pays a share of her grain output...

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