Re: Re:vasudha isi 2012 ME II

Posted by duck on Mar 09, 2012; 4:10am
URL: http://discussion-forum.276.s1.nabble.com/isi-2012-ME-II-tp7354815p7357061.html

Hi Vasudha.. :)

for q13(b): It is a pareto optimal allocation because if you move away to any other allocation (it could be done only by changing lamba), then one person will be better off and other worse off.

Or you can think of this question as a two goods, two agents economy having cobb douglas utility function.