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Question [2]: Suppose the rm has the production function c = max)7 4(x/i 1)}. Suppose the consumer has preferences represented by MC, 1) = 0

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Question [2]: Suppose the rm has the production function c = max\")7 4(x/i 1)}. Suppose the consumer has preferences represented by MC, 1) = 0 61512 and that total time is not a constraint. 1. What is the Pareto Optimum in this economy? 2. What is the Walrasian Equilibrium in this Economy, if there is one

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