If A were to start with 10 apples and 10 bananas & B were to start with 10 apples and twenty bananas? where would be initial allocation on Edgeworth box and if A thought of apples and bananas as substitutes and B thought of them as complements where would be Pareto superior in terms of initial allocation?

If A were to start with 10 apples and 10 bananas & B were to start with 10 apples and twenty bananas? where would be initial allocation on Edgeworth box and if A thought of apples and bananas as substitutes and B thought of them as complements where would be Pareto superior in terms of initial allocation?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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