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Consider a one-consumer one-firm economy in whichu(x) =x z +x q ,= 1 andf(z) =ln (z+ 1), where 1 < <2 is a parameter. Derive

Consider a one-consumer one-firm economy in whichu(x) =xz+xq,= 1 andf(z) =ln (z+ 1), where 1< <2 is a parameter.

  1. Derive a competitive equilibrium for this economy
  2. Derive the Pareto Set
  3. How do the answers from "1" and "2" depend on ""?

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