=+16.11 Policy Application: Distortionary Taxes in General Equilibrium: Consider, as in exercise 16.10, a two-person exchange economy

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=+16.11 Policy Application: Distortionary Taxes in General Equilibrium: Consider, as in exercise 16.10, a two-person exchange economy in which I own 200 units of x1 and 100 units of x2 while you own 100 units of x1 and 200 units of x2

A. Suppose you and I have identical homothetic tastes.

a. Draw the Edgeworth Box for this economy and indicate the endowment allocation E.

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 05, 2024 02:00 AM

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=+16.11 Policy Application: Distortionary Taxes in General Equilibrium: Consider, as in exercise 16.10, a two-person exchange economy

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Microeconomics An Intuitive Approach With Calculus

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