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Business, 31.07.2021 03:30 kenz309

Consider an economy with two agents, Amy and Becky, and two goods, x and y. Amy's utility function is U_A(x, y)=x_Ay_A, and Becky's utility function is U_B=\min\{4x_B, y_B\}. Amy and Becky's endowments are both \omega_A=\omega_B=(4,1). Suppose that the contract curve in this economy can be represented as y_A=mx_A. Find m.

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Consider an economy with two agents, Amy and Becky, and two goods, x and y. Amy's utility function i...
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