Re: isi 2012

Posted by anon_econ on Feb 29, 2012; 8:00am
URL: http://discussion-forum.276.s1.nabble.com/isi-2012-tp7328291p7328366.html

hey i don't know the correct answers but i'll tell u what i think.
in the 1st one a pareto optimal location would be one from which u can't move closer to any of them w/o moving further away from at least 1 of them. so the pareto optimal points are [0.3,0.6].
in the 2nd one if u plot the budget constraints for both of them (they will be kinked at the endowment points), u'll see that warp is not being violated (at least that's what i got!). so they can have the same preferences.

plz help me with questions 15 & 16 if u know them!