Assume in an economy, there are three agents (Alex,Sam,Bob) and two goods (fireworks and apples). Assume the
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Question:
QdAlex=93-5P
Qdsam=86-10P
QdBob=53-17P
Qs=7+93P
How to find the efficient amount of fireworks?
How to find MRS of Alex, MRS of Sam, and MRT at the efficient quantity of fireworks?
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