hi there ive tried to answer this question but im not sure how and was hoping you could give a step by step on how to solve this because i dont understand the y/2 part also this is for question one which has a pop of N=100 and the endowment is y=20 for young and none for old consumers

d ) What is the value of money in period t , ve? Use the assumption about preferences to find an exact numerical value . What is the price of the consumption good , DE ! Vt / Vets = 1 = Mt. Vt = / 2. Then, Cut + Mcve= y = > Cut = 412=10 and Cutt Citti = 4 = > CziEth = 4/2 = 10 V+ = N. (20-Cy,t )= 100. (20-10)= 4 10=2.5 M 400 With a dollar one can get 2.5 coconuts . Each old person has M/ N=4 dollars and uses it to purchase 10 coconuts . Similarly , young people have 10 coconuts and sell them for 4 dollars Dt = / VE= 1/10=0.4 price of each cocounts