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can u answer the 2nd question please？
utility function
Let us introduce a second person, who...
here's the utility function Let us introduce a second person, who has standard Cobb-Douglas utility UB...
here's the utility function
Let us introduce a second person, who has standard Cobb-Douglas utility UB = (x+B)•(x²B). Their endowments are wa= (6, 3) and WB = (3,6). You may assume p2 = 3p1. Find the amount person A consumes of good 1 in competitive equilibrium. Simplify decimals (no extra zeros). et ua = x+A+ 3x A.
Please answer number 4 Question 3 1 pts Let us introduce a second person, who has...
Please answer number 4
Question 3 1 pts Let us introduce a second person, who has standard Cobb-Douglas utility ug = (x+3). (x?). Their endowments are wa = (6, 3) and W3 = (3,6). You may assume p2 = 3p. Find the amount person A consumes of good 1 in competitive equilibrium. Simplify decimals (no extra zeros). Question 4 1 pts Find the contract curve (the set of all Pareto efficient points) for the setting in question 3. BIU A...
Person A and B both have Cobb-Douglas preferences, uA = (x1A)2/5 · (x2A)3/5and uB = x1B...
Person A and B both have Cobb-Douglas preferences, uA = (x1A)2/5 · (x2A)3/5and uB = x1B · x2B . Their endowments are wA = (0, 2) and wB = (4, 0). Find their demand functions and use market clearing to derive equilibrium price for good two, p2 (set p1=1, and enter your answer as a simplified decimal). Solve for the contract curve for the setting described in question 1.). Please write out its equation in the space below.
Can you please answer question 2？ 1.) Say two customers have identical Cobb-Douglas utilities ua =...
Can
you please answer question 2？
1.) Say two customers have identical Cobb-Douglas utilities ua = x.z; and up a's , endowments WA = (2,0) and we = (3,0), and there is a production technology y2 = (41)/3. Person A owns the firm. Find the competitive equilibrium allocation and prices, the equation for the contract curve, and graph these 2.) Now consider the same consumers as problem 1.), but assume instead there is a linear production technology y2 = 2yı...
here's the utility function
Let us introduce a second person, who has standard Cobb-Douglas utility UB = (x+B)•(x²B). Their endowments are wa= (6, 3) and WB = (3,6). You may assume p2 = 3p1. Find the amount person A consumes of good 1 in competitive equilibrium. Simplify decimals (no extra zeros). et ua = x+A+ 3x A.
Please answer number 4
Question 3 1 pts Let us introduce a second person, who has standard Cobb-Douglas utility ug = (x+3). (x?). Their endowments are wa = (6, 3) and W3 = (3,6). You may assume p2 = 3p. Find the amount person A consumes of good 1 in competitive equilibrium. Simplify decimals (no extra zeros). Question 4 1 pts Find the contract curve (the set of all Pareto efficient points) for the setting in question 3. BIU A...
Can
you please answer question 2？
1.) Say two customers have identical Cobb-Douglas utilities ua = x.z; and up a's , endowments WA = (2,0) and we = (3,0), and there is a production technology y2 = (41)/3. Person A owns the firm. Find the competitive equilibrium allocation and prices, the equation for the contract curve, and graph these 2.) Now consider the same consumers as problem 1.), but assume instead there is a linear production technology y2 = 2yı...
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