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Amaranda and Bartolo Consume Only Two Goods, X and Y

question 26

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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) = min{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


Definitions:

Medical Resources

The equipment, facilities, and health personnel necessary to deliver medical care.

Infant Mortality Rates

A statistical measure that represents the number of deaths of infants under one year old per 1,000 live births in a given year.

One Year

A period consisting of 12 consecutive months.

Fewer Than

A comparative term indicating a smaller quantity or number of items, objects, or people.

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