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Suppose that there are 3 goods:apples,oranges and bananas.Bo

Paper help Economics Suppose that there are 3 goods:apples,oranges and bananas.Bo

Economics

Suppose that there are 3 goods:apples,oranges and bananas.Bo

Suppose that there are 3 goods:apples,oranges and bananas.Both Bob and Mary start with a positive am… Show more Suppose that there are 3 goods:apples,oranges and bananas.Both Bob and Mary start with a positive amount of each good.If bob’s Marginal utility for apples is higher everywhere than Mary’s and they are allowed to trade, he will end up with all the apples. Is this true or false? I think it’s false. I feel that Mary’s price of apple is greater than Bob’s that he can afford. • Show less

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