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Fill in the missing information in the following tables. For each table, use the information provided to identify a possible trade. Then identify the final
Fill in the missing information in the following tables. For each table, use the information provided to identify a possible trade. Then identify the final allocation and a possible value for the MRS at the efficient solution. (Note: There is more than one correct answer.) Illustrate your results using Edgeworth Box diagrams. a. Norman's MRS of food for clothing is 1 and Gina's MRS of food for clothing is 4: Individual Initial Allocation Trade Final Allocation Norman Gina 6F, 2C 1F, 8C 1F for 3C 3C for IF 5F, 5C 2F, 5C
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