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Consider an exchange economy composed of two individuals A and B and two goods xi and x2 Individual A has an endowment of

Consider an exchange economy composed of two individuals A and B and two goods xi and x2. Individual A has an endowment of wA=(2,2) and individual B has an endowment of wB= (2,2). A's?tility function is given b?UA=2x1 +3 x2. Individual B's utility function is given by UB= 3x +2X2 Draw the set of all Pareto efficient allocations.
 

Apr 30 2020 View more View Less

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