The contract curve is the collection of points where indifference curves are tangent in the Edgeworth box.
A)True
B)False
C)Uncertain

Name: The contract curve is the collection of points where indifference curves are tangent in the Edgeworth box. A)True B)False C)Uncertain
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Question

Quizplus · Accepted Answer

The contract curve represents all the points in an Edgeworth box where the indifference curves of the two individuals are tangent to each other, indicating Pareto efficient allocations.

The Contract Curve Is the Collection of Points Where Indifference