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1) Consider a 2 consumer 2 good pure exchange economy. Suppose consumer A has prences represented by x + 4y. Suppose consumer B has preferences

1) Consider a 2 consumer 2 good pure exchange economy. Suppose consumer A has prences represented by x + 4y. Suppose consumer B has preferences represented by min{2x + y, x + 2y}. Suppose that the economy has 30 units of good x and 20 units of good y.

Provide a representation of the Edgeworth Box and clearly indicate the weak and strong Pareto Sets.

Suppose that the endowment is ((8, 2), (22, 18)). What is the Walrasian equilibrium?

Suppose that the endowment is ((20, 10), (10, 10)). What is the Walrasian equilibrium?

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