a 2 person exchange economy, with goods x and y. consumer A has preference given by U x0.2y(1-0.2), and an endowment (20,0) of goods x and y. consumer B has preferences given by U x0.9y(1-0.9), and an endowment (0,90) of goods x and y. Solve for competitive equilibrium
a 2 person exchange economy, with goods x and y. consumer A has preference given by U x0.2y(1-0.2), and an endowment (20,0) of goods x and y. consumer B has preferences given by U x0.9y(1-0.9), and an endowment (0,90) of goods x and y. Solve for competitive equilibrium
Chapter13: General Equilibrium And Welfare
Section: Chapter Questions
Problem 13.5P
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Please answer fast a and b
Transcribed Image Text:a 2 person exchange economy, with goods
x and y.
consumer A has preference given by U =
x0.2y(1-0.2), and an endowment (20,0) of
goods x and y.
consumer B has preferences given by U =
x0.9y(1-0.9), and an endowment (0,90) of
goods x and y.
Solve for competitive equilibrium
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