Unformatted text preview: A = (300 , 600) u A ( x, y ) = x 1 / 2 y 1 / 2 e B = (600 , 900) u B ( x, y ) = x 1 / 2 y 1 / 2 2. Endowments and utility functions of the consumers are: e A = (300 , 600) u A ( x, y ) = x 1 / 3 y 2 / 3 e B = (600 , 900) u B ( x, y ) = x 2 / 3 y 1 / 3 3. Endowments and utility functions of the consumers are: e A = (600 , 600) u A ( x, y ) = x 1 / 3 y 2 / 3 e B = (300 , 900) u B ( x, y ) = x 2 / 3 y 1 / 3 Compare your pictures. What is the same? What is diﬀerent? Why?...
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This note was uploaded on 04/01/2010 for the course ECON Econ 11 taught by Professor Mcdevitt during the Fall '07 term at UCLA.
 Fall '07
 McDevitt
 Economics

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