Question
In a two good two consumer economy, utility functions are U1(x1,x2) =x1(x2) 2 U2(x1,x2) = (x1) 2 x2 The endowments of the consumers are e1
In a two good two consumer economy, utility functions are
U1(x1,x2) =x1(x2)2
U2(x1,x2) = (x1)2 x2
The endowments of the consumers are e1 =(10,0) and e2=(0,20). Find the allocation of goods in Walrasian equilibrium.
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
