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yaciel143@yahoo yaciel143@yahoo
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5 years ago
Only individuals A and B live on a desert island where no production is possible. A is endowed with 12 units of good X and 18 units of good Y. B is endowed with 6 units of good X and 42 units of good Y. In the Edgeworth box, good X is measured on the horizontal axis. Individual A's utility function is UA = 3XY so her MUX = 3Y and her MUY = 3X. Individual B's utility function is UB = 10   so his   and his MUY = 5 . Which of the following allocations are on the contract curve?
A) (XA = 12, YA = 24), (XB = 6, YB = 36)
B) (XA = 10, YA = 28), (XB = 8, YB = 32)
C) (XA = 9, YA = 30), (XB = 9, YB = 30)
D) None of the above.
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Microeconomics

Microeconomics


Edition: 8th
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DareksupremeDareksupreme
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