Consider a 2 good exchange economy with 2 consumers


Consider a 2 good exchange economy with 2 consumers. Consumer A'spreference is u(x1,x2) = lnx1 + ln x2. B's preference is represented by U(x1,x2) = 2 ln(x1) + ln (x2). Suppose the initial endowments are (5,7) for A and (10,8) for B. Find the competitive equilibrium.

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Econometrics: Consider a 2 good exchange economy with 2 consumers
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