In an edgeworth box apples are measured along the

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4.In an Edgeworth box, apples are measured along the horizontal axes, and oranges are measured along the vertical axes. Player 1 is in the lower left-hand corner; player 2 is in the upper right-hand corner. Player 1 likes apples but gets no utility from the consumption of oranges. Player 2 likes oranges but gets no utility from the consumption of apples. In the initial endowment, Player 1 has 5 apples and 4 oranges. Player 2 also has 5 apples and 4 oranges. What is the contract curve? A.All points along the horizontal axis. B.All points along the vertical axis. C.All points to the right and below the initial endowment point. D.The point where Player 1 has 10 apples and 0 oranges, and Player 2 has 8 oranges and 0 apples.
Intermediate Microeconomics EC202 Lekima Nalaukai Semester II, 2018 Tutorial 13 Questions Chapter 16 5.Two individuals, A and B, consume two goods, xand y. Consumer A initially has 3 units of xand 2 units ofy. Consumer B initially has 5 units of xand 6 units of Also, for Consumer A the 3,Axyx yMRSand for Consumer B the 3Bxyx yMRS. Does this initial allocation of xand yrepresent an efficient allocation? y. 5,
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