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    Microeconomic Theory Basic
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    Exam 11: General Equilibrium and Welfare
  5. Question
    Suppose That the Two Persons in an Exchange Economy (A
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Suppose That the Two Persons in an Exchange Economy (A

Question 10

Question 10

Multiple Choice

Suppose that the two persons in an exchange economy (A and B) have utility functions given by Suppose that the two persons in an exchange economy (A and B) have utility functions given by  Along the contract curve,B's ratio of Y to X will be: A) 2:1. B) 1:1. C) 1:2 D) between 1:1 and 1:2.Along the contract curve,B's ratio of Y to X will be:


A) 2:1.
B) 1:1.
C) 1:2
D) between 1:1 and 1:2.

Correct Answer:

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