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Consider an economy two consumers with preferences UA = 1 10 [In (24) + In(y4) ] and UB = In(a) + In (y ) .

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Consider an economy two consumers with preferences UA = 1 10 [In (24) + In(y4) ] and UB = In(a) + In (y ) . The endowments are described in the table. Endowment of x Endowment of y Consumer A 10 O Consumer B O 10 (i) If good x is the numeraire and the price of good y is p = 2, how much of good y does consumer A demand

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