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Let U_A = 2x_{1A} + x_{2A}, U_B = 2 x_{1B} + 3 x_{2B}, e_A = (1,1), e_B = (9,1). Knowing that both goods are indivisible
Let U_A = 2x_{1A} + x_{2A}, U_B = 2 x_{1B} + 3 x_{2B}, e_A = (1,1), e_B = (9,1). Knowing that both goods are indivisible and the utility function are strictly increasing in both goods, does this economy admits a competitive equilibrium
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
