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Suppose there are two consumers, A and B, and two goods, X and Y.Consumer A is given an initial endowment of 30 units of good

Suppose there are two consumers, A and B, and two goods, X and Y.Consumer A is given an initial endowment of 30 units of good X and 5 units of good Y.Consumer B is given an initial endowment of 90 units of good X and 5 units of good Y.Consumer A's utility function is given by:

UA(X,Y) = X*Y,

and consumer B's utility function is given by

UB(X,Y) = X3*Y.

Therefore, consumer A's marginal utilities for each good are given by:

MUX = Y

MUY = X

Also, consumer B's marginal utilities for each good are given by:

MUX = 3X2Y

MUY = X3

Suppose the price of good Y is equal to one.What is the price of good X that will lead to a competitive equilibrium?

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