problem code : 150609MICRO

Posted by vishruti on Jun 15, 2009; 5:08pm
URL: http://discussion-forum.276.s1.nabble.com/problem-code-150609MICRO-tp3081429.html

Quantities of the economy's only two goods denoted by x and y ; no production is possible . A's & B's preferences are described by the utility functions.

uA(x,y) = x + y

uB(x,y) = xy

A owns (0,5) and B owns the bundle (30,5)

determine the walrasian equilibrium price(s) and allocation(s)