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Two Consumers Jim and Pam Both Have Opera Tickets and Movie

Question 27

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Two consumers Jim and Pam both have opera tickets and movie tickets.They wish to exchange tickets with each other.Given their utility functions Two consumers Jim and Pam both have opera tickets and movie tickets.They wish to exchange tickets with each other.Given their utility functions and ,show that their marginal rates of substitution need to be equal for any given distribution of tickets to be efficient. and Two consumers Jim and Pam both have opera tickets and movie tickets.They wish to exchange tickets with each other.Given their utility functions and ,show that their marginal rates of substitution need to be equal for any given distribution of tickets to be efficient.
,show that their marginal rates of substitution need to be equal for any given distribution of tickets to be efficient.

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