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Let the Total Quantities of Two Goods,apples and Oranges,be 100

Question 76

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Let the total quantities of two goods,apples and oranges,be 100 and 200 respectively.Jill has an initial allocation of 50 apples and 100 oranges and considers the two goods perfect 1-for-1 substitutes.Jack considers apples and oranges perfect 1-for-1 complements.Using an Edgeworth box,describe the set of allocations which improve economic efficiency.

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blured image_TB1826_00 The initial allocation is at ...

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