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Alice and Bob consume only two goods, X and Y. They can trade only with each other and there is no production. The total endowment of good X equals the total endowment of good Y. Alice's utility function is UA(xA,yA) = min{xA,yA} and Bob's utility function is UB(xB,yB) = max{xB,yB}. In an Edgeworth box, what would be the set of all Pareto optimal allocations?
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"Feeling and intuition are better guides to behavior than is reasoning. We need immediate answers to many of our problems today, and feeling and intuition are almost instantaneous, while reasoning is painfully slow. Moreover, feeling and intuition..
Your friend is thirty years old and wants to save for retirement. The plan is to contribute $3000 each year to a tax free retirement account yielding 10 percent at the starting of each year for thirty-six years.
What are the benefits of Computerize Physicians Order Entry?
The mean annual expenditure for automobile insurance for U.S.
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cost functions and decision makingwhy is it important that decision makers in a corporation know the cost function for
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