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Can you please give me the answer to this question. It question relates to two individuals. Farad and Gulzar, who trade pistachios and saffron with
Can you please give me the answer to this question. It question relates to two individuals. Farad and Gulzar, who trade pistachios and saffron with each other. Farad's function utility is u(x,y) = xfy2f where xf and yf are, respectively, the quantity of pistachios and saffron that Farad consumes. Gulzaar's utility function is u(x,y) where xg and yg are, respectively, the quantity of pistachios and saffron that Gulzaar consumes. Farad and Gulzaar are each endowed with 140 units of pistachios and 140 units of saffron. Suppose first that Farad and Gulzar reach a competitive equilibrium. Farad would end up with ______ units of pistachious and ____ units of saffron Gulzaar would end up with _____ units of pistachious and ____ units of saffron
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