In the Edgeworth production box diagram, what conditions must hold for an allocation to be on the

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In the Edgeworth production box diagram, what conditions must hold for an allocation to be on the production contract curve? Why is a competitive equilibrium on the contract curve?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:35 AM

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In the Edgeworth production box diagram, what conditions must hold for an allocation to be on the

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When constructing an Edgeworth box for the production of two goods with two inputs each point in the ...View the full answer

Microeconomics

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