Assignment Help - homework help

Whats the total amount of x and the total amount of y and


Perfectly Competitive market

2 identical consumers

PPF is y=100-x^2

U = x^0.5 * y^0.5 for both of the consumers

Is PX/PY = 1 an equilibrium price? Why or why not?

Whats the total amount of x and the total amount of y and the Py/Px that achieves allocative efficiency?

Solution Preview :

Prepared by a verified Expert
Business Economics: Whats the total amount of x and the total amount of y and
Reference No:- TGS02892224

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)