Morris from Workouts 32.1 is endowed with xA = 0, yA = 36 and has preferences UA = XA^(1/2) + YA^(1/2). Phillip is endowed with xB = 40, yB = 4 and has preferences UB = 2XB + YB. Provide an Edgeworth Box diagram showing the PPR, CC and equilibrium. Put the origin for Morris in the lower left corner.

Morris from Workouts 32.1 is endowed with xA = 0, yA = 36 and has preferences UA = XA^(1/2) + YA^(1/2). Phillip is endowed with xB = 40, yB = 4 and has preferences UB = 2XB + YB. Provide an Edgeworth Box diagram showing the PPR, CC and equilibrium. Put the origin for Morris in the lower left corner.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 19QP

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