Suppose Harry and Hermione are shipwrecked on the deserted tropical island of Zabini. The quantity of coconuts and magical spells on the island are in fixed supply. The Edgeworth box below shows all the possible allocations of these two goods and can be used to answer the questions below. For each statement below, note whether the statement is true or false and provide a brief justification. (1) If Hermione is more skilled at spells than Harry, then Harry prefers A to B. True or False?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Suppose Harry and Hermione are shipwrecked on the deserted tropical island of
Zabini. The quantity of coconuts and magical spells on the island are in fixed
supply. The Edgeworth box below shows all the possible allocations of these two
goods and can be used to answer the questions below.
For each statement below, note whether the statement is true or false and provide a
brief justification.
(1) If Hermione is more skilled at spells than Harry, then Harry prefers
A to B. True or False?
Coconuts
Hermione
B
Magical
spells
Harry
Transcribed Image Text:Suppose Harry and Hermione are shipwrecked on the deserted tropical island of Zabini. The quantity of coconuts and magical spells on the island are in fixed supply. The Edgeworth box below shows all the possible allocations of these two goods and can be used to answer the questions below. For each statement below, note whether the statement is true or false and provide a brief justification. (1) If Hermione is more skilled at spells than Harry, then Harry prefers A to B. True or False? Coconuts Hermione B Magical spells Harry
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