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sol the question plzz An economy is populated by N identical consumers. They consume two goods X and Y. Utility is given by U =

sol the question plzz

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An economy is populated by N identical consumers. They consume two goods X and Y. Utility is given by U = In(X) + In(Y) and each consumer has an income of 800 Product X is produced by M firms operating on a perfectly competitive market. The production function for each firm that produces X is given by X" = K<.where k is the only input factor in production of x. bought by firms on market at price fixed costs are for each firm. taken together m sell units good x market. there also y sold z number who produces y. a. how many producing what and consumers n b. demand function elasticity c. now government start taxing producers so that they have to pay a tax per sold. will this affect long run fill your answers part question below. next section solutions provide handwritten clearly presenting you solved a-c arrived>

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