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31-2. An economy has 2,000 people. 1,000 of them have utility functions U(X, y) = X + y and 1,000 of them have utility functions

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31-2. An economy has 2,000 people. 1,000 of them have utility functions U(X, y) = X + y and 1,000 of them have utility functions U(X, y) = min{2X, y}. Everybody has an initial allocation of 1 unit of x and 1 unit of y. Find the competitive equilibrium prices and consumptions for each type of person

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