Construct an edgeworth box for chris and pat

Reference no: EM131335481

Chris and Pat like both beer and pizza. Chris views pizza and beer as perfect one-to-one substitutes. Pat believes that beer and pizza are perfect complements, and always consumes them in one-to-one proportions.

a. Construct an Edgeworth box for Chris and Pat.

b. Derive the contract curve for Chris and Pat. What shape will it take?

Reference no: EM131335481

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