This Problem is from "Advanced Microeconomic Theory – Geoffrey Jehle, Philip Reny"
5.12 There are two goods and two consumers. Preferences and
endowments are described by
u1(x1, x2) = min(x1, x2) and e1 = (30, 0),
v2(p, y) = y/2
√
p1p2 and e2 = (0, 20),
respectively.
(a) Find a Walrasian equilibrium for this economy and its associated WEA.
(b) Do the same when 1’s endowment is e1 = (5, 0) and 2’s remains e2 = (0, 20).
This Problem is from "Advanced Microeconomic Theory – Geoffrey Jehle, Philip Reny" 5.12 There are two...
This Problem is from "Advanced Microeconomic Theory – Geoffrey Jehle, Philip Reny" 5.26 Suppose that in a single-consumer economy, the consumer is endowed with none of the consumption good, y, and 24 hours of time, h, so that e = (24, 0). Suppose as well that preferences are defined over R2 + and represented by u(h, y) = hy, and production possibilities are Y = {(−h, y) | 0 ≤ h ≤ b and 0 ≤ y ≤ √ h},...
This is question 5.3-5 from Introduction to Operations Research (Hillier). Relevant text: Consider the following problem. Maximize Z= cixi + c2x2 + C3X3 subject to x1 + 2x2 + x3 = b 2x1 + x2 + 3x3 = 2b and x 20, X220, X2 > 0. Note that values have not been assigned to the coefficients in the objective function (C1, C2, C3). and that the only specification for the right-hand side of the functional constraints is that the second...
eBook Video Exercise 10.1 (Algorithmic)) Consider the following results for two independent random samples taken from two populations. Sample 1 Sample 2 n 50 n2 35 1-1=13.6 X2= 11.1 a. What is the point estimate of the difference between the two population means? | b. Provide a 90% confidence interval for the difference between the two population means (to 2 decimals). c Provide a 95% confidence interval for the difference between the two population means to 2 decimals eBook Video...