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What will be the form of the contract curve

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Reference no: EM132196948

Question: a) Let's suppose we are in an exchange economy with two agents, with a contract curve going through the point (4,8). The Edgeworth box is a square, and utility functions of agents A and B are such as u(ax,ay) = a*u(x,y) what will be the form of the contract curve?

b) Does it remain the same if we change the total endowments of goods X and Y? Why?

Reference no: EM132196948

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