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Set the utility function Perfect complements, and the preference parameters as below. Leave aggregate endowment as 15,15. Find one interior Pareto Efficient Allocation where goods
Set the utility function Perfect complements, and the preference parameters as below. Leave aggregate endowment as 15,15. Find one interior Pareto Efficient Allocation where goods are consumed in integer values, and consumer A consumes at least 13 units of good 1. (A=1, so the first bundle is for A). =0.25,=0.25
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Economics
Authors: Stephen Slavin
11th Edition
978-0078021800, 0078021804
