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Angela's biological survival constraint Angela's reservation 12- indifference curve Feasible frontier: Angela and Bruno combined Bushels of grain Economically feasible set 2.5 Z Angela's reservation
Angela's biological survival constraint Angela's reservation 12- indifference curve Feasible frontier: Angela and Bruno combined Bushels of grain Economically feasible set 2.5 Z Angela's reservation option 0 - O 24 Angela's hours of free time Use the figure above. Explain (by shifting the curves) what happens if a more nutritious kind of grain is available for Angela to grow and consume. Draw the new curve, and submit it as an attachment to your answer. Discuss the new equilibrium in the model if Bruno has all the bargaining power and can enforce all feasible allocations. A B
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