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Consider a 2 person/2 good exchange economy withconsumer Ann (A) having a utility function defined as uA(xA, yA) = xAyAandendowments (Ax, Ay) = (30,90)and consumer
Consider a 2 person/2 good exchange economy withconsumer Ann (A) having a utility function defined as uA(xA, yA) = xAyAandendowments (Ax, Ay) = (30,90)and consumer Bob (B) having a utility functiondefined as uB(xB, yB) = (xB)4(yB)6and endowments (Bx, By) = (90,30)
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Macroeconomics
Authors: Charles I. Jones
4th Edition
393603767, 393603768, 9780393616125 , 978-0393603767
