general eqmm quest

[SoniaKapoor]

[mrittik]

The income of 1st one: Px+6Py, 2nd one:3Px+4Py....from the total endowment=total distribution, we get, 2/3(I1/Px) + 1/2(I2/Px) = 1+3 = 4.....now you solve it

[SoniaKapoor]

mrittik...how did you get this
2/3(I1/Px) + 1/2(I2/Px) = 1+3 = 4
pls explain..

[mrittik]

supply = demand...simple as in set up of Comp industry.....so what is the consumption of x for both them= total supply of good x=1+3=4