Adrienne and Stephen consumepizza, Z, andcola, C. Adrienne's utility function is UA=Z A C A andStephen's is

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Adrienne and Stephen consumepizza, Z, andcola, C. Adrienne's utility function is

UA=Z_AC_A

andStephen's is

US=Z_S^0.5C_S^0.5.

Their endowments are Z_A=2, C_A=20, Z_S=8, and C_S=120. What are the competitive equilibriumprices, where one price is normalized to equalone?

Determinep, the competitive price ofZ, where the price of C is normalized to equal one.

Posted Date: Jun 23, 2024 04:01 AM

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Adrienne and Stephen consumepizza, Z, andcola, C. Adrienne's utility function is UA=Z A C A andStephen's is

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