General Equilibrium

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MR
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General Equilibrium

MR
I faced this question in which one of the agent had the utility function as U= y+ log x.  So my doubt is do I treat the commodity x and y as substitutes or are these quasi linear? I know how to treat substitutes. If anyone knows how to deal with quasi linear preferences in general equilibrium, please let me know. :)
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Re: General Equilibrium

duck
Hi MR.. :)

Its Quasi linear utility function. Dont treat them as Substitutes.
Compare the slopes of the two utility functions to find the PE points.

:)