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In the pure exchange model find the equilibrium price ratio for the following utility functions: U1(y) nx+lny. Assume that initial endowment of person l is
In the pure exchange model find the equilibrium price ratio for the following utility functions: U1(y) nx+lny. Assume that initial endowment of person l is wi(x,y) = (1,1), while for = x2y2 an person 2 it is w2(x,y)-(2,2).
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