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[Week 8-2] General Equilibrium VMicroeconomics

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    • Category : Social Sciences > Economics & Finance
    • Taught by : Jinhwan OH
    • Created By : Ewha Womans University
    • Offered By : Ewha Womans University
    • Date Added : 2022.11.08
    • Hits : 212
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    An Edgeworth Box is provided inside the PPF to explain how goods produced on the PPF are consumed by two consumers. Finds the economy-wide efficiency where consumers' MRS is equal to the slope of PPF, known as marginal rate of transformation (MRT)

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