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U=X^0.1Y^0.9 U=X^0.5Y^0.5 Income=5000 Price of X=$50 Price of Y=$60 (U1 starts with 1 x 9 y and U2 starts with 9 x and 1 y)
U=X^0.1Y^0.9
U=X^0.5Y^0.5
Income=5000 Price of X=$50 Price of Y=$60
(U1 starts with 1 x 9 y and U2 starts with 9 x and 1 y)
pure exchange economy between two utility functions
- Draw Edgeworth box and contract curve
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
