Xavier and yvette are the only two persons on an island


Xavier and Yvette are the only two persons on an island. There are only two goods, nuts and berries. Xavier's utility function is U(Nx; Bx) = NxBx. Yvette's utility function is U(Ny; By) = 2Ny + By. Xavier has 3 berries and 8 nuts. Yvette has 6 berries and 8 nuts. In a competitive equilibrium for this island economy, how many units of berries will Xavier consume?

Request for Solution File

Ask an Expert for Answer!!
Physics: Xavier and yvette are the only two persons on an island
Reference No:- TGS01350089

Expected delivery within 24 Hours