ass6 - Econ 102 Roger E A Farmer Fall 2008 Assignment for...

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Econ 102 Roger E A Farmer Fall 2008 Assignment for Week Six 1. Solve the problem from Lecture 9. What is the monetary value of the transfer to Mr. B? 2. Find the equation of the Pareto frontier for an economy with 2 units of good x, and 3 units of good y when the utility functions of the two people are () () log log AA Ux =+ A y ) B y () ( 3log 2log BB If the initial endowments are equally distributed between Mr. A and Mr. B find the equilibrium relative prices. 3. Consider the following one period – one person – production economy. Utility is given by the function 2 2 L UC =− ,
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