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Figure 15.4 Use the following to answer question: Figure 15.4   -(Figure 15.4)  What is the name of curve A, and what is its significance? A)  contract curve: shows all possible Pareto-efficient allocations of pancakes and cereal between Elaine and Jerry B)  contract curve: shows all possible allocations of pancakes and cereal that give Elaine and Jerry equal utility C)  output curve: shows all possible combinations of pancakes and cereal that can be produced at a constant per-unit cost D)  isoprofit curve: shows all possible combinations of pancakes and cereal that give the manufacturers equal profit
-(Figure 15.4) What is the name of curve A, and what is its significance?


A) contract curve: shows all possible Pareto-efficient allocations of pancakes and cereal between Elaine and Jerry
B) contract curve: shows all possible allocations of pancakes and cereal that give Elaine and Jerry equal utility
C) output curve: shows all possible combinations of pancakes and cereal that can be produced at a constant per-unit cost
D) isoprofit curve: shows all possible combinations of pancakes and cereal that give the manufacturers equal profit

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