Business, 28.01.2020 22:48 alott1121

Suppose two coffee snobs who must have their coffee and cream in exact proportions (each cup is 10 coffee per 1 unit cream) are invited to a weekend long event (during which they can easily consume 8 cups of coffee). suppose snob a is given 8 units of cream and snob b is given 80 units of coffee. the contract curve in the edgeworth box would be
a. a right angle connecting the lower left corner with the upper right corner.
b. a curve (not a line) connecting the lower left corner with the upper right corner.
c. a line connecting the lower left corner with the upper right corner.
d. a right angle connecting the upper left corner with the lower right corner.

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Suppose two coffee snobs who must have their coffee and cream in exact proportions (each cup is 10 c...

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