Compare the Pareto Efficient Allocations in the following cases in Edgeworth Boxes: Person A does not care
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Question:
Compare the Pareto Efficient Allocations in the following cases in Edgeworth Boxes:
Person A does not care at all about her consumption of good 2 and person B does not care at about his consumption of good 1.
Consumer A has perfect complement preferences represented by the function U(x,y) = min(x,y) and consumer B has utility function U(x,y) = XY the aggregate endowment of good x is equal to the aggregate endowment of good y which is equal total x available = 20; total y available = 20.
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