Asked • 05/11/19

What is a Pareto Optimal Allocation and How do we use an Edgeworth box to Show it?

How can we use an edgeworth box to see if an allocation is Pareto Optimal? What doe Pareto optimal mean?

1 Expert Answer

By:

Erika B. answered • 12/16/19

Tutor
4.7 (25)

State University Instructor Specializing in Econ & Stats

Lenny D.

tutor
This doesn't show the Edgeworth Box and the parade O optimal allocation where the marginal rates of substitution between both agents are tangent
Report

12/16/19

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.