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2. For the following economies find the set of all efficient allocations: (a) Preferences are u(x1, x2) = min{x\, x2}, u2(x1

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Answering only first question ( 2) with all parts

auMin (X,X2)Un- Min CXi,X) el-(3.6) i) P.o. allocation, when XEX. e2- (4) then a X (Olo) 10χ1ο βοχ troo A ye-64) , e- (153) XD(10110) (o10) (30,10) (30x 1D) economy Phrea AB CD lageto optimal allocations (3010) (010) Max (Xi,2)- 4 , u- Min CXi X2) ))8oxio Box (10/0) l80110) (o10) |Po. allocations 010) 010) (101930X10 Box (010) Colos allo cations anrea Oi0) (300) (2010)

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2. For the following economies find the set of all efficient allocations: (a) Preferences are u'(x1, x2) = min{x\,...
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