Purchase Solution

# Edgeworth Box

Not what you're looking for?

How to plot initial endowment points on a edgeworth box graph?

##### Solution Summary

The solution explains the concept of Edgeworth box pretty well and also draws out a couple of graphs (in the attachment). The explanation provided in the response is concise and clear, yet easy to understand. This is a complex topic to understand but the response does a superb job of explaining this difficult concept. Overall, an excellent response.

##### Solution Preview

Obiously, e1A+e1B = 4, e2A+e2B = 6
It's easy to draw an Edgeworth Box like figure1.
From UA=2X1 + X2, we can say that A's indifference curve are parallel lines with a slope of 1/2. (like line A) refer to figure 2
In the same way, from UB = X1 + 2X2, B's indifference curve ...

##### Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

##### Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

##### Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

##### Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

##### Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.