Assume there are two types of agents: VJ identical arbitrageurs with rationalE:I [Z]= f and r = r-{ and??? identical noise traders with hiasedEj\"[Z]= f + :5 and ti = 1:35. a) Solve for the equilibrium price in this economy. h) On the same gaph, plot the equilibrium price against :5 for the following cases: a. Equal relative risk bearing capacity: Fara! = For N; pvt}: h. Marginal investor is an arbitrageur: -,- O ; VAT'{ + VET-M VimJ c. Marginal investor is a noise trader: -,- 0. We! Hive-s c) Under what parameters are prices efficient? Optimistic? Pessimistic