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Sketch a Typical Consumption Contract Curve in an Edgeworth Box

Question 33

Essay

Sketch a typical consumption contract curve in an Edgeworth box for you and she. The two products should be apples and tents. Identify two consumption baskets where you and she are off the contract curve. Label the first point (a) where you value apples much more than she does; label the second point (b) where you value apples much less than she does.

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