Two people from the military general equilibrium player 1


Two people from the military, General Equilibrium (player 1) and Major Inefficiency (player 2), have been stranded on an island after a shipwreck. General Equilibrium was able to salvage 50 bags of Spinach (X1) and 50 pounds of rice (Y1) from the ship. Major Inefficiency also was able to save 50 bags of Spinach (X2) and 50 pounds of rice (Y2). There are no other goods on the island, and no other people. (a). Use an Edgeworth Box diagram to represent the initial endowments of the two people in this two-person, two-good economy.

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Business Economics: Two people from the military general equilibrium player 1
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