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Autarky Equilibrium Assignment | Homework For You

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December 3rd, 2019

1- Show in a graph the autarky equilibrium for an economy whose production possibilities frontier has an increasing opportunity cost feature.

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Homework For You

Mark the angle that shows for consumers the value of the last y they consume in terms of x (i.e., MRS of y for x). Then mark the angle that shows the opportunity cost of the last y made in terms of x (i.e., MRT of y for x).

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