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Title: Joe and Rita each have some milk and cookies (Milk on the horizontal axis). Joe's MRS of cookies ... Post by: Mairoon on Oct 18, 2017 Joe and Rita each have some milk and cookies (Milk on the horizontal axis). Joe's MRS of cookies for milk is 2. Rita's MRS of cookies for milk is 4. Which of the following statements is TRUE?
A) No gains from trade are possible. B) Both Rita and Joe can be made better off if Rita gives Joe some cookies in exchange for milk. C) Rita and Joe are on the contract curve. D) Both Rita and Joe can be made better off if Joe gives Rita some cookies in exchange for milk. Title: Re: Joe and Rita each have some milk and cookies (Milk on the horizontal axis). Joe's MRS of ... Post by: TecShdw on Oct 18, 2017 Content hidden
Title: Re: Joe and Rita each have some milk and cookies (Milk on the horizontal axis). Joe's MRS of cookies ... Post by: Mairoon on Aug 14, 2018 Thanks. This is just start. ;)
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