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( c ) ( i ) In the Edgeworth Box diagram, explain why both consumers' Marginal Rate of Substitution are equal at every point on
ci In the Edgeworth Box diagram, explain why both consumers' Marginal Rate of Substitution
are equal at every point on the contract curve.
ii In a two person two commodity pure exchange model, the utility functions are
and and given that and Derive
the contract curve as an implicit function of and
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