What is an Edgeworth box in Economics?
An Edgeworth box in Economics, is a graphical representation of a market with just two commodities, X and Y, and two consumers. The dimensions of the box are the total quantities Ωx and Ωy of the two goods.
<START_INST>What is an Edgeworth box in Economics?<END_INST><START_CTX><END_CTX><START_A>An Edgeworth box in Economics, is a graphical representation of a market with just two commodities, X and Y, and two consumers. The dimensions of the box are the total quantities Ωx and Ωy of the two goods.<END_A>