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Q1. Ellie and Vince is a married couple, Explain how would you expect each of the following events to affect the amount they save each month?

Q2. John has 40 gallons of gasoline (G) and 20 bags of sugar (S). For that market basket, John's MRSSG is 3G/1S. Maria has 40G and 50S. For that market container Maria's MRSSG is 1G/1S. Use a numerical example to elucidate how a trade can benefit both of them. Illustrate the trade by using an Edge worth box diagram. Explain that how both consumers can reach higher indifference curves.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9159633

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