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Unformatted text preview: and endowments for the two consumers are u A ( x, y ) = 2 x 1 / 2 + 3 y 1 / 2 , e A = (300 , 600) u B ( x, y ) = 3 x 1 / 2 + 2 Y 1 / 2 , e B = (300 , 600) (Notice that the consumers have the same endowments but diﬀerent utility functions.) Find equilibrium prices and choices. 1 4. Consider a two consumer economy with three goods; utility functions and endowments for the two consumers are u A ( x, y, z ) = x 2 yz 2 , e A = (300 , 600 , 300) u B ( x, y, z ) = xy 2 z , e B = (300 , 600 , 200) Find equilibrium prices and choices. 5. Consider a fourconsumer economy with three goods; utility functions and endowments for the consumers are u A ( x, y, z ) = x 2 yz , e A = (200 , 600 , 200) u B ( x, y, z ) = xy 2 z , e B = (200 , 600 , 200) u C ( x, y, z ) = xyz 2 , e C = (600 , 200 , 200) u D ( x, y, z ) = xyz , e C = (200 , 400 , 600) Find equilibrium prices and choices. 2...
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 Winter '09
 McDevitt
 Economics, Utility, Equilibrium prices, edgeworth box, Utility Functions

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