Solution-Propose a trade between ann and bill

Propose a trade between ann and bill

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Reference no: EM131266306

Assume food is graphed on the vertical axis and clothing is graphed on the horizontal axis. Suppose Ann's marginal rate of subsitution between food and clothing is -3. Bill's marginal rate of substitution between food and clothing is -4. Propose a trade between Ann and Bill that would make them both better off.

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Reference no: EM131266306

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Propose a trade between ann and bill : Assume food is graphed on the vertical axis and clothing is graphed on the horizontal axis. Suppose Ann's marginal rate of subsitution between food and clothing is -3. Bill's marginal rate of substitution between food and clothing is -4. Propose a..

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Propose a trade between ann and bill

Reference no: EM131266306

Reference no: EM131266306

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