Please help with #2 parts B-D Consider the following pure exchange economy with different consumer pref-erences and endowments (e.g., @A = (@,w)), and answer the following ques-tion:(a) Draw the Edgeworth box and the endowment point.(b) Find the contract curve y = f(xA), and plot it on the graph.(c) Find the Pareto optimal allocation and price ratio for the correspondingcompetitive equilibrium.(d) Is the Pareto optimal allocation a fair allocation? Why?Question 10.5 0.5UA=x0.5 0.5, UB=x5y5, w = (30,20), B = (10,20).XB увQuestion 20.2 0.8UA=XA YA, UB XB YBQuestion 30.4 0.6= x4y6, w = (60,25), B = (40,25).2/3UA=XAYA' =xy, w^= (1,2).wª = (1,2), w³ = (2,1).

worth box and the endowment point. act curve yA = f(xA), and plot it on the graph. optimal allocation and price ratio for the corresp uilibrium. ptimal allocation a fair allocation? Why? 0.5 1/R= 0.5 0.5 MA = (30.20). B = (10.20).

worth box and the endowment point. act curve yA = f(xA), and plot it on the graph. optimal allocation and price ratio for the corresp uilibrium. ptimal allocation a fair allocation? Why? 0.5 1/R= 0.5 0.5 MA = (30.20). B = (10.20).

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter13: General Equilibrium And Welfare

Section: Chapter Questions

Problem 13.5P

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