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Please help me anwer the following q Angela's reservation 12 indifference curve, IC C Bushels of grain 6.5 45 What Angela gets Feasible frontier. Angela
Please help me anwer the following q
Angela's reservation 12 indifference curve, IC C Bushels of grain 6.5 45 What Angela gets Feasible frontier. Angela and Bruno combined 0 16 20 24 Angela's hours of free time MRT > MRS When Angela works 4 hours, the MRT is larger than the MRS on the new indifference curve. 19 CHOOSE THE CORRECT ANSWER In the graph above, D and F are the outcomes before and after the introduction of a new law that limits Angela's work time to four hours a day while requiring a minimum pay of 4.5 bushels. Based on this information, which of the following statements is correct? O A. The change from D to F is a Pareto improvement. O B. The new outcome F is Pareto efficient. O C. Both Angela and Bruno receive economic rents at F. O D. As a result of the new law, Bruno has more bargaining powerStep by Step Solution
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