BJ and Sean have the following marginal value schedules for apples BJ has an initial endowment of 1 apple and Sean has an initial endowment of 8 apples How many apples will be exchanged and what are the gains from trade A12345orxad 7 9 MV(BJ) 3 2 1 50 1 5 25 MV(Sean) 6 5 50 5 25 4 50 4 3 75 33NNN ...

Comparing the schedules we can see that BJ values apples more than Sean does until the marginal valu ...

BJ and Sean have the following marginal value schedules for apples. BJ has an initial endowment...

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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BJ and Sean have the following marginal value schedules for apples. BJ has an initial endowment...

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Intermediate Microeconomics

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