How do you plot the following initial endowment on a edgeworth box
graph?
Do the utility functions come into play in any way?
XA = (0, 4), XB = (4, 2), UA = 2X1 + X2, UB = X1+2X2
Economics Homework Solutions
#2141
Plotting Initial Endowment Points
How to plot initial endowment points on a edgeworth box graph?
The solution explains the concept of Edgeworth box pretty well and also draws out a couple of graphs (in the attachment). The explanation provided in the response is concise and clear, yet easy to understand. This is a complex topic to understand but the response does a superb job of explaining this difficult concept. Overall, an excellent response.
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