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djsmyers djsmyers
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Posts: 764
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7 years ago
Andrew and Sarah are two traders in a pure exchange economy with two goods, Bikes and TVs. Suppose Andrew has preferences given by:
   U(B,T) = BT
where B is the number of bikes and T is the number of TVs. Sarah only derives utility from TV, so her utility function can be given by:
   V(B,T) = T
Describe the contract curve.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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#1
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7 years ago
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djsmyers Author
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7 years ago
You make an excellent tutor!
Alina01978
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Yesterday
Thanks
jcarter
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2 hours ago
Brilliant ツ
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