A community for students. Sign up today!
Here's the question you clicked on:
← 55 members online
 0 viewing
 11 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 UAXA 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.
 11 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 UAXA 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
Ask your own question
Ask a QuestionFind 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
 Engagement 19 Mad Hatter
 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.