Solved

Suppose the Economics Department Has a Graduation Party for Its

Question 14

Multiple Choice

Suppose the Economics Department has a graduation party for its students but as a final test they must show they have learned something about trade.The men are given food when they walk in and the women are given drink.Suppose they have very different preferences where food and drink provide utility.For men Suppose the Economics Department has a graduation party for its students but as a final test they must show they have learned something about trade.The men are given food when they walk in and the women are given drink.Suppose they have very different preferences where food and drink provide utility.For men   .For women U=min(F,D) The contract curve in the Edgeworth box using a representative man and woman would be A)  a right angle connecting the lower left corner with the upper right corner. B)  a curve (not necessarily 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. .For women U=min(F,D) The contract curve in the Edgeworth box using a representative man and woman would be


A) a right angle connecting the lower left corner with the upper right corner.
B) a curve (not necessarily 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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents