Let the Total Quantities of Two Goods,apples and Oranges,be 100

question 57

Essay

Let the total quantities of two goods,apples and oranges,be 100 and 200 respectively.Jill has an initial allocation of 50 apples and 100 oranges and considers the two goods perfect 1-for-1 substitutes.Jack considers apples and oranges perfect 1-for-1 complements.Using an Edgeworth box,describe the set of allocations which improve economic efficiency.

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Definitions:

Passive Voice

The passive voice is a grammatical construction where the object of an action becomes the subject of the sentence, emphasizing the action or effect rather than the doer.

Poor Organization

A lack of structured arrangement or efficiency in managing tasks, resources, or structures, leading to chaos or inefficiency.

Transition Words

Words or phrases that provide a connection between ideas, sentences, and paragraphs, facilitating smooth reading or listening.

Complicated Phrasing

The use of complex and often unnecessarily convoluted language that may obscure meaning.