(See) Consider an economy consisting of two consumers with utility functions and endowments as follows:
Question: Consider an economy consisting of two consumers with utility functions and endowments as follows:
\[\begin{array}{ll} u_{1}\left(x_{1}^{1}, x_{2}^{1}\right)=2 x_{1}^{1}+x_{2}^{1} & \text { and } \omega_{1}=(1,6) \\ u_{2}\left(x_{1}^{2}, x_{2}^{2}\right) & =x_{1}^{2}+x_{2}^{2} & \text { and } \omega_{2}=(3,4) . \end{array}\]- Find all the Pareto efficient allocations.
- Find all the equilibria.
Deliverable: Word Document 
![[Solution Library] A pure exchange economy has](/images/solutions/MC-solution-library-38354.jpg "[Solution Library] A pure exchange economy has three consumers and three")
[Solution Library] A pure exchange economy has three consumers and three
![[See Steps] Consider preference relation \succeq defined](/images/solutions/MC-solution-library-38355.jpg "[See Steps] Consider preference relation \succeq defined over")
[See Steps] Consider preference relation \succeq defined over
(See) Consider the utility function u(x_1, x_2)=2 √x_1+4
![[All Steps] Suppose that \succeq is a](/images/solutions/MC-solution-library-38357.jpg "[All Steps] Suppose that \succeq is a rational preference relation")
[All Steps] Suppose that \succeq is a rational preference relation
(See Steps) A triangle is drawn in such a way that it has one
McNemar's Test Calculator - MathCracker.com