Re: Isi peb 2016

Posted by knowpraveen on Apr 27, 2016; 4:12am
URL: http://discussion-forum.276.s1.nabble.com/Isi-peb-2016-tp7600058p7600085.html

Yeah, I'm sorry I never took the Y value in lex preferences into consideration. You're right. Lets say  (10,2) is preferred to (10,0) as far as consumer 2 is concerned which gives us another condition for pareto optimality. Left and top axes are the pareto efficient allocations. Sorry again. And, what do you think about q10! I have already posted an answer. Let me know if there's any other way to solve. Thanks.