Hi

Here is a question of macroeconomics. Please let me know if you can help.

THANKS

1. Consider an exchange economy with two households (A and B) and a non-storable composite consumption good. Each agent lives for two periods (15 = 0,1) and there is no uncertainty about their endowment at time 1. The endowment structure is summarized in the following table. Both households maximize their utility from consumption, which is given by U(c'f), 6'1) = log cf) + 6 log Ci, where 72 e {A, B}, B = 1/(1+p) is the discount factor satisfying 0