Contract curve for exchange economy

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Question

For each of the following pairs of preferences find and graph the contract curve for an exchange economy with a total endowment of 10 units of x and 15 units of y. In each case determine what the GE price ratio would be in this economy (hint: the GE will be on the contract curve that you have found and what is true about the MRSs on each of these contract curves).

Reference no: EM133636505

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