Pure exchange economy. Consider Jack and Melinda in the pure exchange economy, represented on a graph below. Jack likes mangoes, but is indifferent to kiwi (consuming more or fewer kiwis does not affect his utility). Melinda's preferences over mango and kiwi are strictly convex and satisfy "more is better" assumption. They are shown by blue indifference curves in the Edgeworth box (E-box). a) [2 points] Show an equitable allocation of goods (where each individual consumes exactly half of each good) in the E-box. Call this allocation A. Is it Pareto optimal (P.O.)? If yes, please explain why. If not, show all allocations that Pareto dominate allocation A. b) [2 points] Repeat part a) for allocation B, in which Jack consumers half of all mangoes and no kiwis. c) [2 points] Repeat part a) for allocation C, in which Melinda consumes half of all kiwis and no mangoes. d) [4 points] Draw the contract curve in the Edgeworth box. Provide an explanation.
Answers
An equitable allocation of goods is shown in point A where each individual consumes exactly half of each good. Yes, allocation A is Pareto optimal. It is so because, in point A, the marginal rates of substitution of each person are equal, i.e. MRS Jack = MRS Melinda.b) An equitable allocation of goods is shown in point B, where Jack consumes half of all mangoes and no kiwis.
No, allocation B is not Pareto optimal because at point B, Melinda could increase her utility by consuming more mangoes. She could move to a higher indifference curve, such as IC2, and still be on the same indifference curve as Jack.c) An equitable allocation of goods is shown in point C, where Melinda consumes half of all kiwis and no mangoes. No, allocation C is not Pareto optimal because at point C, Jack could increase his utility by consuming more kiwis.
He could move to a higher indifference curve, such as IC2, and still be on the same indifference curve as Melinda.d) The contract curve in the Edgeworth box is the locus of all Pareto optimal points. It is a curve that connects all Pareto optimal allocations. In this case, the contract curve will pass through the Pareto optimal allocation A, since it is the only Pareto optimal point. The contract curve will also pass through all points that are tangent to the highest attainable indifference curve of each individual. This is because any point on this curve is Pareto optimal, and the two individuals have agreed to trade at this point because it is mutually beneficial. Thus, the contract curve in this Edgeworth box will look like a straight line, starting at point A and passing through the highest attainable indifference curve of Jack and the highest attainable indifference curve of Melinda.
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Related Questions
Which verb tense is used with time expressions and the form used to in order to compare how the present situation is different from the past?
Answers
Evaluating Persuasive Speaking
Franklin D. Roosevelt
First Inaugural Address
March 4, 1933
1. Which speech did choose? Who is the speaker?
2. Where was the speech given?
3. What is the historical and cultural context of the speech (i.e., what historical events surround the delivery of the speech)?
4. What is the speaker's main proposition, or claim?
5. Who is the audience?
6. What does the speaker want the audience to do or believe?
7. How does the audience respond to the speech (if applicable)?
8. How does the speaker's rhetoric (effective use of language) evoke a response from the audience?
9. What evidence does the speaker give to support his or her proposition?
10. Which of the persuasive appeals (ethos, pathos, logos) does the speaker use? Explain.
Answers
Answer:
I am missing out on a lot of things am I?
Marking as brainiest :
Using at least 10 of these words on how are these terms used to make meaning of the claim regarding the value of homework? Write sentences using 10 of those words for how the term relates to the topic of homework .
Answers
Homework encompasses to tasks given to pupils by their teachers to be completed outside of usual lessons. The greatest value of homework is in cultivating standardized beliefs about learning.
What is the value of homework?Homework reinforce skills associated with academic success. Homework teaches students how to problem solve. Homework gives student another opportunity to review class material and subtests of different streams. Homework gives parents the autonomy to see what is being learned in school. Homework teaches students how to take the accountability for their part in the educational process.
Homework has an impact by enabling pupils to marginalize independent learning to practice. Hence students becomes self-regulatory by being able to consolidate skills, conduct in-depth inquiry, prepare for lessons or revise for exams. Homework helps students internalize good study habits and life skills. They become immediate respondents for assignments completion that helps students practice organization, time management, following directions, critical thinking and independent problem-solving.
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If we change the confidence level from 98 to 95 percent when constructing a confidence interval for the population mean, we can expect the size of the interval toSelect the correct response:increasedecreasestay the samenone of the above
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A confidence interval of 99 percent would be larger than one of 95 percent. A confidence interval of 90% would be smaller. The breadth of the confidence interval grows as the confidence level grows.
What happens to the confidence interval if you increase the confidence level?The confidence interval widens when the confidence level is raised (e.g., from 95% to 99%) while the sample size and variability remain constant. Increasing the confidence level (e.g., from 95% to 90%) narrows the range. The breadth of the confidence interval reduces as the confidence level falls.
What happens to a 95% confidence intervals as the sample size increases?The breadth of a confidence interval reduces with increasing sample size and grows with increasing confidence level. Explanation: Smaller samples result in narrower intervals. With a higher sample size, we can more precisely estimate a population proportion.
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what was the first sherlock holmes story ever written?
Answers
Answer:
A Study in Scarlet
His first Sherlock Holmes story, “A Study in Scarlet,” was published in Beeton's Christmas Annual in 1887. Starting in 1891, a series of Holmes stories appeared in The Strand magazine, and Conan Doyle was able to give up his medical practice and devote himself to writing.
Explanation:
Definition: This is a term entered into a search engine, or the search bar on a webpage, which is meant to
attract pages containing specific information.
Answer:keyword
Answers
Answer:
holdup wat
Explanation:
you have the answer dude
Why is Edgar Allan Poe’s literature difficult to understand?
Answers
Answer: There's a density of language in his writing that can overwhelm readers today. Sometimes you have to slog through Poe's work to get to the heart of the story.
Explanation:
8. What do the Dinka call the Atuot and why?
Answers
Explanation:
the Atuot were called "the people of the lion." Their region was inhabited by large herds of antelope, wildebeest, gnus-and the lions that preyed on them. ... When an Atuot person died, he came back to Earth as a lion, with a great hunger for the human flesh he once had.
In The Tragedy of Macbeth, Act III, what is the cause of Macbeth's
irrational behavior at the banquet?
Answers
Answer:
D. His Guilty conscience
Explanation:
draft a debate for the school debate competition on the gadget craze among the student, not more than 150 words. Draft debate for the motion
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In a debate, participants discuss a subject from two opposed perspectives in an organized argument or contest of ideas. The "Pro" side is made up of people who concur with this assertion or notion. The "Con" side represents those who do not concur with this assertion or notion.
What is the importance of debate in learning?Students have the chance to investigate topics and concerns from the real world by participating in debates in the classroom. Students are encouraged to learn from their peers and engage in self-reflection during debates.
Conduct Thorough Research. Being knowledgeable about the topic you are speaking on is the final and possibly most crucial advice for debating. In addition to ensuring that you speak clearly during the argument, doing so will put you in a position to respond to the inquiries made by your opponent.
Thus, In a debate, participants discuss a subject from two opposed perspectives
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Identify the central idea in Mao Zedong's speech "Serve The People." Select all that apply.
A.dying for a cause
B.living life to its fullest
C.coming together as a nation
D.taking advantage of the government
Answers
Answer:
coming together as a nation
dying for a cause
Explanation:
sorry if im a little late, but this is still for the people in the futrue:)
In Mao Zedong's speech, "Serve The People" he wanted the people to die for a cause and to take the advantage of the government. Thus, options A and D are correct.
Who was Mao Zedong?Mao Zedong was a Chairman of the Communist party. He has been greatly involved in the enforcement of the planned economy system in China. He delivered a speech, "Serve The People."
In his speech, he stated that government is present to work for the people and should work on creating ideas and thoughts that will benefit the people. He even suggested that dying is worth it if it is for a greater cause.
Therefore, the central idea of the speech was about dying for a cause and getting benefits from the government.
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What would be a good introduction, body, and conclusion for asking why alexander graham bell thought about the idea of the first telephone?
Answers
Explanation:
Graham Bell, also known as Alexander Graham Bell, invented telephone.
This was a major invention.WHY?
As there was a need for better transport facilities and communication in England, which occurred in Industrial Revolution.
Political & social stability in England created conditions that were conducive to creativity.One of them is Graham bell's telephone.
The poet capitalizes the word "Rock" in the poem most likely to show that the Rock is a - place that can be found on a map place that can be found on a map special place to the family special place to the family popular place for people to visit popular place for people to visit place that was discovered a long time ago
Answers
Answer:
Swimming to the rock by Mark Antkinson
Explanation:
44. Sara is searching through magazines for writing inspiration. What term BEST describes what Sara is searching fo
illustration
conclusion
prompt
audience
Answers
what is accountancy?
Answers
Answer:
Accountacy is the occupation or responsibilities of an accountant.
An accountant is someone whose responsibility it is to maintain, examine, and analyze financial accounts.
Explanation:
Please help ASAP
In academic essays, signal phrases
include an author's name, source, or title
only appear at the end of a sentence
risk plagiarism by not crediting a source
transition from one paragraph to the next
Answers
In academic essays, signal phrases include an author's name, source, or title, so option A is correct, since the purpose is to transition from author to source.
What are signal phrases?Signal phrases in academic essays include an author's name, source, or title, and they are used to introduce a quotation, paraphrase, or summary from a source. They can appear at the beginning, middle, or end of a sentence and are used to attribute the information to the original source.
Signal phrases help to avoid plagiarism by giving credit to the source of the information and can also help to transition from one idea to the next. With that in mind, it is our conclusion that option A is the right answer.
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Describe a small group of people relaxing and the moment at which the atmosphere of calm is destroyed? How would I structure this descriptive writing task? What do I describe and what words do I use? Do you have a list of adjectives and their meaning that i can use?
Answers
We see here that in order to structure this descriptive writing task, here is a guide:
Begin with a scenario where the group of people were relaxing.In the scenario, reveal the relaxing thing they were doing.Then, describe a suspenseful situation that is about to cahnge everything.It can be someone among the group of people was struck down by an unknown gunman and there was panic.The words you can use depends on the situation that destroyed the calmness that you want to describe.You can use suspense-filled words in order to create suspense and tension in your description.What is descriptive writing?Descriptive writing has to do with the type of writing that is carried out in order to describe something, someone or a situation. Descriptive writing helps people to understand how something or someone looks.
We see here that the above guide will be of good benefit to you.
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PLZ HELP ME, 20 POINTS! In the poem the new colossus by Emma Lazarus How does the rhyme scheme and structure of the poem contribute to the poem's meaning? (YOUR ANSWER HAS TO BE ATLEAST A PARAGRAPH LONG, If you post links as answers or if you troll in the answer YOU WILL BE REPORTED.)
Answers
Answer:
Explanation:
We have to remember that this poem was written in 1883, when America was young, fresh and in need of new life-blood from all over the world. America opened her doors to those who were shunned by their home countries, to those who wanted a better life.
Since the engraving of The New Colossus, America has absorbed millions of immigrants and is still attracting many who seek the dream. The message in this well constructed sonnet is positive and welcoming, but what does the future hold for the Mother of Exiles?
Answer:
We have to remember that this poem was written in 1883, when America was young, fresh and in need of new life-blood from all over the world. America opened her doors to those who were shunned by their home countries, to those who wanted a better life.
Quote by - jazminemondesir10
Explanation:
to ride abroad redressing wrongs, to speak no slander, no, nor listen to it, to honor his own words as if his god's
Answers
The lines "to ride abroad redressing wrongs, to speak no slander, no, nor listen to it, to honor his own words as if his god's" is taken from The Farewell of King Arthur to Queen Guinevere By Alfred, Lord Tennyson (1809–1892) from ‘Idylls of the King’
In "Idylls of the King," the phrase "to ride abroad redressing wrongs" means to travel and correct injustices. It refers to the duty of a knight or a noble person to seek out and rectify any acts of wrongdoing or injustice they encounter during their travels.
This could involve fighting against oppressors, helping the oppressed, and ensuring justice is served. The phrase "to speak no slander, no, nor listen to it" emphasizes the importance of avoiding gossip or spreading false information about others. It highlights the idea of maintaining integrity and not engaging in harmful speech.
Additionally, "to honor his own words as if his god's" underscores the significance of keeping one's promises and being true to one's word. It implies a sense of accountability and responsibility in upholding the value of trustworthiness. This phrase highlights the moral standards and ethical principles expected from individuals in positions of power or influence.
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PLS HURRY I NEED IT FOR AN EXAM THANK YOU
Which phrase BEST describes the grammatical mood in a poem?
a suggestion of a feeling or state of mind
the form of verb that conveys the speaker's attitude
the emotions you feel when you are reading
an author's attitude toward a written subject
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Answer:
B: the form of verb that conveys the speakerś attitude
Explanation:
I dont know if i am correct, please correct me if im wrong.
Answer:
B. The form of the verb that conveys the speaker’s attitude
Explanation:
I took the test and I got this question right!!
throughout the text, the author provides quotes from different people. why might the author have included these quotes?
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This simply means that the intended audience is self, and the intended audience is the focus of my attention here. In the following section, I argue that an unintended audience is actually an author.
So, yes, a book is open to interpretation, but the reader is the active participant because the book is ink and paper, post-author. There could be ten million copies in print, and even if I only bought one for my library, any other copy would suffice because they're all the same book. I might even react differently to it on different days, but that's because I've changed, not because the ink on paper has. I suppose we could say the text suggests, but that depends on what the audience brings to the encounter, and I'd like to avoid personifying the text, as you'll see shortly.
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Which detail from the text best conveys the answer in Part A?
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The mention of the "unbelievable mixture of races and religions" in the city best conveys the author's purpose in "Here is New York."
This detail highlights the diverse and multicultural nature of New York City, supporting the author's purpose of portraying the city's unique essence. It emphasizes the idea that New York is a vibrant melting pot where different cultures and backgrounds intersect, contributing to the city's rich tapestry of experiences. By emphasizing the "unbelievable mixture of races and religions," the author emphasizes the diversity and inclusivity that make New York City a fascinating and dynamic place. This detail effectively conveys the author's purpose by showcasing the city's diverse population and its role in shaping the character of New York.
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What is an abstract noun?
A. A connective word used to join sentences, clauses, phrases, or
words
B. A word used in place of a noun
C. A word that modifies a verb, an adjective, or another adverb
D. A word that refers to an idea, a quality, or an action
Answers
To ensure clear communication, use precise words to convey your ideas.
a. Trueb. False
Answers
The statement "To ensure clear and effective communication, use precise words to convey your ideas" is true.
Explanation: When communicating with others, it is essential to use precise language to ensure that our meaning is conveyed correctly. Precise words and phrases are exact and accurate, leaving no room for ambiguity or misinterpretation. In contrast, vague language can cause confusion and misunderstandings.
The use of precise words promotes clear communication, which is essential for conveying one's thoughts and ideas to others. By being precise, the speaker can get their point across with accuracy and ease, and the listener can understand their intended meaning accurately. Therefore, it is always essential to use precise words to convey our ideas.
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Many people feel hopeful when they see a shooting star, especially if they make a wish. Why do they respond this way?
A)They recognize shooting stars as allusions.
B)They understand the connotation of the word star.
C)They consider a shooting star a symbol.
D)They believe that stars are actually gods.
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Answer:
C) They consider a shooting star a symbol.
Explanation:
Nick Mason went to school to become an architect but his artistic dreams came true when he bacame the drummer
for Pink Floyd.
What is wrong with the sentence?
Answers
Answer:
a comma should precede the coordinate conjunction.
Someone plz help me can you summarize this
Answers
Answer:
Try to figure out the end and then compare your predictions to the answers.
Can someone answer these questions I’ll give brainliest please
Answers
Answer:
Explanation:
hh2= i do not know the answer sorryy
Which of the following articles would most likely provide information in answering the research question, “How did the ancient Olympic games differ from contemporary Olympic games?”
A: “Busting Through the Pipe: A History of Snowboarding”
b: “How to Train for a Marathon”
c: “The Role of the Olympic Games in Ancient Greece”
d: “The History of the Modern Winter Olympic Games”
Answers
The article which best describes the difference between the ancient olympics and contemporary olympics is The History of the modern winter olympics games.
What is the difference between ancient and contemporary olympics?Ancient Olympics are the religious festivities for the people of Greeks whereas contemporary Olympics are the sports evens for the Athelets. ancient olympics includes the people of greek in their sports event.
Thus the difference in the two is best described in the article of the history of modern winter olympics.
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Answer:
I think it might be "The History of the Modern Winter Olympic Games"
2. What are Haimon's arguments that he presents to tell Creon he's making a mistake about his judgment of Antigone?
Answers
Answer:
To show that Creon was not right about his judgment of Antigone, Haimon told the story of a captain who was wrong even when he was doing the right thing.
Explanation:
Haimon did not agree with Creon's judgment on Antigone, although Creon was sure he was correct. For this reason Haimon cited a story as a wise and delicate argument to get Creon to reflect on his actions and thoughts about Antigone.
Haimon quoted the story about a captain who left the sails and stretched, because he knew this was the right thing to do and was sure he was doing good to his ship and his crew. However, the ship was tipped over by the wind and the sea, showing that the captain's certainty about the sails was incorrect in preventing the ship from tipping over. With that, Haimon is telling Creon that everyone can make mistakes inside things he believes are correct, so he should reassess the judgment that Antigone was receiving.