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Unformatted text preview: X that will lead to equilibrium. P X = 1/5 b) (4 points) How much of each good does each consumer demand in equilibrium? Consumer As Demand for X: 100 Consumer As Demand for Y: 10 Consumer Bs demand for X: 50 Consumer Bs demand for Y: 10 c) (4 points) What is the marginal rate of substitution for consumer A at the competitive equilibrium? The MRS for consumer A = -1/5...
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- Fall '08