Quantcast

A community for students. Sign up today!

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

bubai

  • 10 months ago

There are two individuals A and B and two goods X and Y. The utility functions of A and B are given by UAXA and UB = X2B + Y2B respectively where Xi ,Yi are consumption levels of the two goods by individual i, i = A, B. (a) Draw the indifference curves of A and B. (b) Suppose A is endowed with 10 units of Y and B with 10 units of X. Indicate the endowment point in a box diagram. (c) Draw the set of Pareto optimal allocation points in the box diagram.

  • This Question is Open

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Ask a Question
Find more explanations on OpenStudy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.