1) In a small town, there are three individuals

Subject:EconomicsPrice:2.86 Bought7

Share With

1) In a small town, there are three individuals. Individual A owns a mill. Individual B owns a field that can grow wheat. Individual C is a worker without ownership of anything. If they work on their own, Individual A produces nothing (nothing to mill), Individual B produces 1 unit of output (they can grow wheat and work it by hand), and Individual C produces 0 units of output (nowhere to work). If any two get together: Individuals A and B working together product 6 units of output. Individuals A and C working together produce 0 units of output. Individuals B and C working together produce 3 units of output. If all three work together, they produce 10 units of output. For each individual A, B, and C: What is the most this individual could receive in a core allocation, and what is the least this individual could receive in a core allocation? (Note - not necessarily the same core allocation for all questions. This is "of all the many core allocations here, what is the most A ever gets? What is the least A ever gets?" etc.)