When g 5 0.5 (as in Graph 22.5), equations (22.14) and (22.15) give 1b, p2 5 1154.67,582.
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When g 5 0.5 (as in Graph 22.5), equations (22.14) and (22.15) give 1b, p2 5 1154.67,582. Can you demonstrate that the indifference curve containing this point lies “below” the indifference curve that d types can attain by purchasing the contract B that allows them to separate?
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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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