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In an exchange economy, there are two agents, A and B, and there are 290.00 total units of and 290.00 total units of . The
In an exchange economy, there are two agents, A and B, and there are 290.00 total units of and 290.00 total units of . The two consumers have utility functions (,)=2 and (,)= , respectively. Assume the initial endowments are =(174.00,261.00) and =(116.00,29.00) . Let be the price of good , and let the price of good be 1. The competitive equilibrium value of is 0.25 . (Round your answer to the nearest two decimals if needed.)
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