2.1 Initially, Michael has 10 candy bars and 5 cookies, and Tony has 5 candy bars and...
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2.1 Initially, Michael has 10 candy bars and 5 cookies, and Tony has 5 candy bars and 10 cookies. After trading, Michael has 12 candy bars and 3 cookies.
In an Edgeworth box, label the initial Allocation A and the new Allocation B. Draw some indifference curves that are consistent with this trade being optimal for both Michael and Tony.
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