Question: please help D.Use an Edgeworth Box to explain why it is not inconsistent to claim that (a) people's preferences differ and (b) at their current

please help

D.Use an Edgeworth Box to explain why it is not inconsistent to claim that (a) people's preferences differ and (b) at their current consumption levels, their marginal rates of substitution are equal. Will the equality between marginal rates of substitution hold in the case of a bilateral monopoly? Why or why not
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
