The Accompanying Diagram Shows an Edgeworth Box Economy

Multiple Choice

The accompanying diagram shows an Edgeworth box economy. The initial endowment is point O. At current relative prices, Augie chooses point X and Bev chooses point Y

-Refer to Edgeworth Box Economy.The initial holdings of an individual in an Edgeworth box is referred to as

A) the contract point.
B) the endowment point.
C) the Pareto preferred point.
D) the competitive equilibrium point.