Hey guys. First post here. So im an econ student and these are the questions i am faced with VS the answers that i am supposed to have. I understand Edgeworth Box models from the lecture notes they provided but there were no examples mathematically. it was just 100 drawings so im stumped when it comes to whats happening here. I'm assuming it has to do with the MRS of the goods but i really dont know where to start.
Any tips on how to solve these problems?
thank you
As far as I can tell, in economics it is common practice to explain everything with pictures, without a single non-trivial formula. Leaving no hope for any computational approach.
On the other hand, if a concrete algebraic or differential equations were used for the models, the complexity of all the derivations and proofs would be tremendous.
That's sort of justifies the explanations in terms of inequalities only.