solve this on page by handwriting . “3(3313’3) = mgyiB—fil where 1:5- is the quantity of good X , ya is the quantity of good Y, and ,8 E (0,

solve this on page by handwriting . “3(3313’3) = mgyiB—fil
where 1:5- is the quantity of good X , ya is the quantity of good Y, and
,8 E (0, 1) is a preference parameter. (a) Find the set of Pareto optimal allocations in this economy. In appro-
priate diagrams, illustrate the set of Pareto optimal allocations when
(i) 6 = 0:, (ii) fl > or, and (iii) 6 < or. {b} Find the competitive equilibrium prices and allocations in this econ-
omy. Illustrate the competitive equilibrium in an appropriate diagram
for the case when fl :2- oz. . . ……

Do you need us to help you on this or any other assignment?


Make an Order Now
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.