Suppose Vijay has 10 onion rings and 5 sheek kababs, and his friend Tara has 5 and 10 sheek kababs. Both can benefit from trade, and after trading Vijay has 12 nd 3 sheek kababs. In an Edgeworth box, label the initial allocation A and the new Draw indifference curves that are consistent with this trade being optimal for both ra. Put sheek kababs on vertical axis and onion rings on horizontal axis. Put Vijay vest corner and Tara on northeast corner

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Suppose Vijay has 10 onion rings and 5 sheek kababs, and his friend Tara has 5
onion rings and 10 sheek kababs. Both can benefit from trade, and after trading Vijay has 12
onion rings and 3 sheek kababs. In an Edgeworth box, label the initial allocation A and the new
allocation B. Draw indifference curves that are consistent with this trade being optimal for both
Vijay and Tara. Put sheek kababs on vertical axis and onion rings on horizontal axis. Put Vijay
on the southwest corner and Tara on northeast corner.
Transcribed Image Text:Suppose Vijay has 10 onion rings and 5 sheek kababs, and his friend Tara has 5 onion rings and 10 sheek kababs. Both can benefit from trade, and after trading Vijay has 12 onion rings and 3 sheek kababs. In an Edgeworth box, label the initial allocation A and the new allocation B. Draw indifference curves that are consistent with this trade being optimal for both Vijay and Tara. Put sheek kababs on vertical axis and onion rings on horizontal axis. Put Vijay on the southwest corner and Tara on northeast corner.
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