1. Let two consumers havepreferences described by the utility function:
04710951-8693-46b1-b0d6-6dbccff814a2.doc
(38 KB)
and theendowments described below:
a. Calculate theconsumers’ demand functions.
b. Selectinggood 2 as the numeraire, find the equilibrium price of good 1. Hence find
the equilibriumlevels of consumption.
c. Show that theconsumers’ indifference curves are tangential at the equilibrium
有两个图的,在附件里面。实在不懂,求赐教


雷达卡


京公网安备 11010802022788号







