Amaranda and bartolo consume only two goods x and y they, Ask an Expert

Economics

Amaranda and Bartolo 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. Amaranda's utility function is U(xA, yA) = max{xA, yA} and Bartolo's utility function is U(xB, yB) = max{xB, yB}. In an Edgeworth box for Amaranda and Bartolo, the set of Pareto optimal allocations is?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9686368

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