Please look at attachment file for more details.
There are two people (A&B) and two goods (1&2). One production process is available wwith a production function . The two people are endowed with a total of 60 units of good 1 (we do not know what is the division of wealth). The utility function are and . Verify if the following allocation are feasible & Pareto optimal.
The answer to this question... View the full answer