Problem
Assume that there are eight oranges to be divided between Friday and Crusoe. Take a utilitarian view-assume that social welfare is the sum of the utilities of the two individuals. Using the data from Problem 1, what is the social welfare corresponding to each possible allocation of oranges? What allocation maximizes social welfare? Show that it has the property that the marginal utility of an extra orange given to each individual is the same.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.