17.7 How would the answers to Problem 17.6 change for the following initial endowments? Smiths Endowment Joness

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17.7 How would the answers to Problem 17.6 change for the following initial endowments?

Smith’s Endowment Jones’s Endowment X Y XY

a. 0 1000 1000 0

b. 600 600 400 400

c. 400 400 600 600

d. 1000 1000 0 0 Explain the reason for these varying results.

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Microeconomic Theory Basic Principles And Extensions

ISBN: 9780324270860

9th Edition

Authors: Walter Nicholson

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Question Posted: Nov 12, 2024 04:00 AM

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17.7 How would the answers to Problem 17.6 change for the following initial endowments? Smiths Endowment Joness

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Microeconomic Theory Basic Principles And Extensions

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