Question
I need help understanding this question. At any bundle, Alice has a lower MRS than Ben. If Alice is indifferent between bundles (400, 125) and
I need help understanding this question.
At any bundle, Alice has a lower MRS than Ben. If Alice is indifferent between bundles (400, 125) and (500,100), then to make Ben indifferent between (400,125) and a bundle with 100 hours of leisure, does the consumption have to be higher or lower than 500?
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
