Consider a pure exchange economy with two consumers, ann (a) and bob (b), and two commodities, 1 and 2, denoted by (x a 1 , xa 2 ) and (x b 1 , xb 2 ). ann’s initial endowment consists of 5 units of good 1 and 10 units of good 2. bob’s initial endowment consists of 10 unit of good 1 and 5 units of good 2. the consumers’ preferences are represented by the following utility functions: u a(x a 1 , xa 2 ) = min{x a 1 , xa 2 } and u a(x b 1 , xb 2 ) = min{x b 1 , xb 2 }. denote by p1 and p2 the price of good 1 and good 2, respectively

1,918

step-by-step explanation:

step-by-step explanation:

37/3

step-by-step explanation:

step 1: simplify both sides of the equation.

7x+8(x+

1

4

)=3(6x−9)−8

7x+(8)(x)+(8)(

1

4

)=(3)(6x)+(3)(−9)+−8(distribute)

7x+8x+2=18x+−27+−8

(7x+8x)+(2)=(18x)+(−27+−8)(combine like terms)

15x+2=18x+−35

15x+2=18x−35

tep 2: subtract 18x from both sides.

15x+2−18x=18x−35−18x

−3x+2=−35

step 3: subtract 2 from both sides.

−3x+2−2=−35−2

−3x=−37

step 4: divide both sides by -3.

−3x

−3

=

−37

−3

x=

37

3

the area of the rectangle is 35units^2.

step-by-step explanation:

graph it and find the distance.

it is a 5*7 rectangle.

therefore the area is 35units^2.