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5 6 Section B1: Fill-in-the-Blank Questions The questions in this section are worth 5 points in total The questions in this section are about two

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5 6 Section B1: Fill-in-the-Blank Questions The questions in this section are worth 5 points in total The questions in this section are about two individuals, Farhad and Gulzaar, who trade pistachios and saffron with each other. Farhad's utility function is u(a, y) - cry, where ry and yy are, respectively the quantity of pistachios and saffron that Farhad consumes. Gulzaar's utility function is u(z, y) -Pay, where r, and y, are, respectively, the quantity of pistachios and saffron that Gulzaar consumes, Farhad and Gulzaar are each endowed with 120 units of pistachios and 120 units of saffron. 2 pts D Question 21 Suppose first that Farhad and Gulzaar reach a competitive equilibrium. In this equilibrium, Farhad would end up with units of pistachios and units of saffron Gulzaar would end up with units of pistachios and units of saffron

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