=+16.3 Suppose you and I have the same homothetic tastes over x1 and x2 , and our
Question:
=+16.3 Suppose you and I have the same homothetic tastes over x1 and x2
, and our endowments of the two goods are E M 5 1e1 M, e2 M 2 for me and E Y 5 1e1 Y
, e2 Y
2 for you.
A. Suppose throughout that, when x1 5 x2
, our MRS is equal to 21.
a. Assume that e1 M 5 e2 M 5 e1 Y 5 e2 Y
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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