(Solution) - Chris and Pat like both beer and pizza Chris views -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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Chris and Pat like both beer and pizza. Chris views pizza and beer as perfect one-to-one substitutes. Pat believes that beer and pizza are perfect complements, and always consumes them in one-to-one proportions.
a. Construct an Edgeworth box for Chris and Pat.
b. Derive the contract curve for Chris and Pat. What shape will it take?