1. Chapter 10 {3) In a pure exchange economy with two goods, G and H , the two traders have Cobb-Douglas utility functions. Suppose that Tony's utility function is U; = GtHg and Margaret's utility function is Um = Gm[Hm)2. Between them, they own 100 units of G and 50 units of H. Solve for their contract curve. (Exercise 2.7) (h) Continuing with Exercise 2.7, determine p, the competitive price of G, where the price of H is normalized to equal one. {Exercise 2.3)