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Question 5 Consider a two-good two-consumer exchange economy where U₁ = X1Y1 and u2 = X2Y2, endowment of person 1 = (3,
Posted: Wed Jul 06, 2022 6:21 am
by answerhappygod
- Question 5 Consider A Two Good Two Consumer Exchange Economy Where U X1y1 And U2 X2y2 Endowment Of Person 1 3 1 (23.91 KiB) Viewed 11 times
Question 5 Consider a two-good two-consumer exchange economy where U₁ = X1Y1 and u2 = X2Y2, endowment of person 1 = (3, 4) and endowment of person 2=(2, 2). Setting the price of good Y to one (py = 1), what is the price of good X in the competitive equilibrium? 01 6/5 3/5 1 pts 3/2 t