{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

GE problem set

GE problem set - 2 = min f x 1 x 2 g B =(1 1 2...

This preview shows page 1. Sign up to view the full content.

u A ( x 1 ; x 2 ) = min f x 1 ; 2 x 2 g ; ! A = (6 ; 4) u B ( x 1 ; x 2 ) = min f 2 x 1 ; x 2 g ; ! B = (4 ; 6) u A ( x 1 ; x 2 ) = x 1 + x 2 ; ! A = (5 ; 0) u B ( x 1 ; x 2 ) = x 1 x 2 ; ! B = (2 ; 2) u A ( x 1 ; x 2 ) = min f x 1 ; x 2 g ; ! A = (2 ; 4) u B ( x 1 ; x 2 ) = min f x 1 ; 2 x 2 g ; ! B = (4 ; 4) u A ( x 1 ; x 2 ) = p x 2 1 x 2 ; ! A = (50 ; 50) u B ( x 1 ; x 2 ) = x 1 x 2 ; ! B = (20 ; 20) u A ( x 1 ; x 2 ) = x 2 1 + x 2 2 ; ! A = (15 ; 10) u B ( x 1 ; x 2 ) = x 1 + x 2 ; ! B = (10 ; 15) u A ( x 1 ; x 2 ) = 5 x 1 + 2 x 2 ; ! A = (10 ; 10) u B ( x 1 ; x 2 ) = 2 x 1 + 9 x 2 ; ! B = (12 ; 12) u A ( x 1 ; x 2 ) = x 1 x 2 ; ! A = (0 ; 0) u B ( x 1 ; x
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2 ) = min f x 1 ; x 2 g ; ! B = (1 ; 1) 2. Please &nd the WE for the above economies. Remember, you need allocations x & A = ( x & 1 A ; x & 2 A ) ; x & B = ( x & 1 B ; x & 2 B ) and prices p 1 ; p 2 for a WE. 3. Are the above WE stable? 1...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online