Draw an indifference curve for george and indifference curve


Problem

Draw an Edgeworth box containing an endowment point and a budget line

a) Draw an indifference curve for George and an indifference curve for Harriet, both tangent to the budget line, such that George wants to buy ale, Harriet wants to sell ale, and George wants to buy more ale than Harriet wants to sell.

b) Draw two indifference curves, both tangent to the budget line, such that George and Harriet both want to buy ale.

c) Draw two indifference curves, both tangent to the budget line, such that the current price is market-clearing but no goods are traded.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Draw an indifference curve for george and indifference curve
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