Hi,
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a.) Pure exhange economy with two goods, watermelons and tomatoes.
With two consumers, Rachel and Lauren the total amount of a particular good will be the total with both Rachel and Lauren. Hence, the total amount of watermelon will be (Units of watermelon with Rachel + Units of watermelon with Lauren) = 4+2 =6
Total amount of Tomatoes will be (Units of tomatoes with Rachel + Units of tomatoes with Lauren) = 3+5 =8
b.) Edgeworth box
c.) Indifference curve
Consider a pure exchange economy two consumers, Rachel and Lauren, and two commodities, watermelon and tomatoes....
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