Include indifference curves that is consistent

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Reference no: EM1310400

Q1. Initially, Michael has 10 candy bars also 5 cookies; also Tony has 5 candy bars also 10 cookies. After trading, Michael has 12 candy bars also 3 cookies. In an Edge worth Box, label the initial allocation A also the new allocation B. Include indifference curves that is consistent with this trade being optimal for both Michael also Tony.

Q2. You have chosen to take a trip during Spring Break. If you had not g1, you would either have worked at a temporary job or studied for exams. The opportunity cost of your trip is

Reference no: EM1310400

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