Show that x makes no one worse off

Reference no: EM133261204

Question: There are three people and two goods in an economy. The utility functions and initial bundles are given below: u1 = x11x12 ω1 = (0, 8) u2 = 2x21 + x22 ω2 = (2, 2) u3 = x31x32 + x32 ω3 = (8, 0) Suppose it is suggested that the three traders move to the allocation x given by x1 = (1, 2), x2 = (8, 4), x3 = (1, 4). Show that x makes no one worse off than the original allocation.

Reference no: EM133261204

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