Please write down the detailed calculation process! Question 5 Consider a two-good two-consumer exchange economy where u

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Please write down the detailed calculation process! Question 5 Consider a two-good two-consumer exchange economy where u

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Please write down the detailed calculation process!
Question 5Consider a two-good two-consumer exchange economy where u1 = X1Y1and u2 = x2Y2, endowment of person 1 = (3, 4) and endowment of person2 = (2, 2). Setting the price of good Y to one (Py = 1), what is the price ofgood X in the competitive equilibrium?A.1B.6/5C. 3/5D. 3/2Question 6Consider the case where there is a consumer in the market with a demandof P = 80 - 4q. A monopolist has variable costs of VC = 0.5q2 where P isprice and q the quantity sold. The monopolist engages in first degree pricediscrimination using a two-part tariff, what is the fixed fee (F) and per-unitfee charged (p)?A .F = 256, p = 8B. F = 80, p = 12C. F = 512, p = 16D. F = 128, p = 4
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