Suppose we live in a 2-good Edgeworth Box economy and both of us have tastes that are quasilinear in good 1.
a.Illustrate one efficient allocation in the Edgeworth Box.
b.Where do the other efficient allocations that lie in the interior of the Edgeworth Box lie?
c.It is typically the case that the contract curve goes from one corner of the Edgeworth Box to the other.Is that the case here as well?

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The Answer of Suppose we live in a 2-good Edgeworth Box economy and both of us have tastes that are quasilinear in good 1.
a.Illustrate one efficient allocation in the Edgeworth Box.
b.Where do the other efficient allocations that lie in the interior of the Edgeworth Box lie?
c.It is typically the case that the contract curve goes from one corner of the Edgeworth Box to the other.Is that the case here as well?

Suppose We Live in a 2-Good Edgeworth Box Economy and Both