Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder

تمرين 11

What would the contract curve look like in the following situations:
1. Smith likes only good X and Jones likes only good Y.
2. Smith and Jones both view X and Y as perfect complements.
3. Smith and Jones are both always willing to substitute one unit of X for one unit of Y and remain equally well-off.