Wednesday, September 13, 2017

Excel Homework Due 9/20 at 11 PM

If you have questions or comments about the Excel Homework on Efficiency Concepts, please post them as comments to this post.  Do not email me with those.   Only email me about the homework if you are having some technical issue that prevents you from completing it.
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2 comments:

  1. John Roberts Econ 490 Fall 2017September 19, 2017 at 12:38 PM

    For the Excel homework#2, I have problems on the last question of the General Equilibrium sheet. The question is Use that fact to identify A's allocation in a Pareto Optimal allocation: X_______Y_______.

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  2. Professor ArvanSeptember 19, 2017 at 2:55 PM

    I am not going to solve it for you here, but I will give some hints. At a Pareto Optimal Allocation, MRS _A = MRS_B. The problem actually tells you the formula for MRS when the consumers have Cobb-Douglass preferences. It is y/x. At at a Pareto Optimal Allocation each consumer has the same ratio of y to x. See if you can use those facts to figure this out.

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