Consider a two-consumer economy in whichA= (1,2),B= (3,0),uA(xA1, xA2) =

xA1+2xA2anduB(xB1,xB2)=(xB1)2xB2.

(a)Derive fair allocations for this economy.

(b)Derive a competitive equilibrium for this economy that generates the allocations

you found in (a).

(c)Derive Pareto-efficient allocations that arenotfair.

(d)Derive a competitive equilibrium for this economy that generates the allocations you found in (e).