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General Equilibrium 2 The utility for consumer 1 and 2 are: U1 (x], 27) = 10[(21)2+ (2) 21/2 U2 (202, 202) = 8[(202 ) 4

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General Equilibrium 2 The utility for consumer 1 and 2 are: U1 (x], 27) = 10[(21)2+ (2) 21/2 U2 (202, 202) = 8[(202 ) 4 + ( 203 ) 411/4 2.1 Characterize the Pareto efficient allocation and contract curve. 2.2 Characterize the competitive equilibrium if W1 = (0,4) and W2 = (4,0)

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