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General Equilibrium 2
The utility for consumer 1 and 2 are: Ul(x], x7) = A[(x] )P + (27)P]1/P U2(202, 27) = B[(x2)+ (23) 671/6
a. Characterize the Pareto efficient allocation and contract curve.
b. Characterize the competitive equilibrium if W1 = (2,0) and W2 = (0,6).
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