Question: 1.a) Bill has a utility function over food and transport with the equation U = x2y, where x measures the quantity of food consumed and

1.a) Bill has a utility function over food and transport with the equation U = x2y, where x measures the quantity of food consumed and y measures the quantity of transport. Show that a consumer with this utility function believes that "more is better than less" for each good.

b) Why is it not generally socially efficient to set an emissions standard allowing zero pollution?

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14. Now reconcile what you answered to problem 15 with problem 13.

11. In what environment or contexts is it the value you want others to associate you with that the value can best be expressed in? Do you seek out these contexts to learn?

2. In this chapter, the reader should reflect on the following concepts: action strategies, values and criteria.