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please represent answers algebraically and also drawn on an edgeworth box 2. Suppose u'(x ) = x; and w; = 0 for both agents i.
please represent answers algebraically and also drawn on an edgeworth box
2. Suppose u'(x ) = x; and w; = 0 for both agents i. ("Ann only likes apples, Bob only likes bananas, Ann only has bananas, and Bob only has apples." ) To make the model interesting, assume w, and w? are both strictly positive. (a) For a given w; and wa, which allocations are Pareto optimal? (b) For a given w, and wa, what are all of the competitive equilibriaStep by Step Solution
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