If Smith and Jones are on the contract curve then (answer all that are correct) a) No

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If Smith and Jones are on the contract curve then (answer all that are correct)

a) No more trades will take place

b) the distribution of goods is equitable.

C) One of Smith or Jones could be made better off by trading.

d) for Smith and Jones marginal rate of substitutions are equal

e) more trades can be made.

f) all the above

Related Book For answer-question

Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Posted Date: May 15, 2022 03:29 PM

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If Smith and Jones are on the contract curve then (answer all that are correct) a) No

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Microeconomics and Behavior

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