Question: (d) When we had to allocate two goods between two people, we drew an Edgeworth box with indifference curves in it. When we have just

(d) When we had to allocate two goods between two people, we drew an Edgeworth box with indifference curves in it. When we have just one good to allocate between two people, all we need is an "Edgeworth line" and instead of indifference curves, we will just have indifference dots. Consider the Edgeworth line below. Let the distance from left to right denote spaghetti for Romeo and the distance from right to left denote spaghetti for Juliet. (e) On the Edgeworth line you drew above, show Romeo's favorite point and Juliet's favorite point. (f) Suppose that a = 1/3. If Romeo got to allocate the spaghetti, how much would he choose for himself? If Juliet got to allocate the spaghetti, how much would she choose for herself? Label the Edgeworth line below, showing the two people's favorite points and the locus of Pareto optimal points
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