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QUESTION THREE a. Graph and differentiate between Isocost and Budget line. (4 Marks) b. Assuming the two goods X and Y and two persons, anialuze

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QUESTION THREE a. Graph and differentiate between Isocost and Budget line. (4 Marks) b. Assuming the two goods X and Y and two persons, anialuze the excharge of goods between the two using the Edge Worth Box framework indicating the Pareto efficient allocation 16 Marks)

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