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Determine the General Equilibrium considering: U A = X 2 Y B=XY 2 , is subject to pX + Y = p / 4 +
Determine the General Equilibrium considering: UA = X2 Y B=XY2, is subject to pX + Y = p / 4 + 3/4 for the case of individual A and pX + Y = 3p / 4 + 1/4 for the case of individual B.
a) Derive the Lay of Walras
b) Determine the optimal tariff
c) Explain the Stolper-Samuelson theorem on the 2-panel graph
d) In the model of a good and two factors, represent a specific tax on work.
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