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(Solved): Consider the Edgeworth Box illustrated in the figure to the right. \( \mathrm ...



Consider the Edgeworth Box illustrated in the figure to the right. \( \mathrm{I}_{M}^{1} \) and \( \mathrm{I}_{M}^{2} \) are ???????

Consider the Edgeworth Box illustrated in the figure to the right. \( \mathrm{I}_{M}^{1} \) and \( \mathrm{I}_{M}^{2} \) are individual M's indifference curves and \( \mathrm{I}_{\mathrm{N}}^{1} \) and \( \mathrm{I}_{\mathrm{N}}^{2} \) are individual \( \mathrm{N}^{\prime} \) 's indifference curves. Bundle A represents the initial endowment. Use the point drawing tool to plot a point that represents a reallocation making individual N better-off and leaving individual M's utility unchanged (leaving individual \( \mathrm{M} \) neither worse-off nor better-off). Label this new point ' \( R \) '. Carefully follow the instructions above, and only draw the required object.


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