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# Question 1 a-c on equilibrium and utility, file attached

Question 1 a-c on equilibrium and utility, file attached
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(a) We have eBR=3 and eCR=7; eBF=3 and eCF=7.
Their utility function is given by,
UR(BR,CR) = B1/2C1/2; UF(BF,CF) = B1/2C1/2.
Let pB be the price of bananas and pC be the price of coconuts.
With...

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