Answer to Question #99533 in Microeconomics for Naserian

Question #99533
Consider an economy with two commodities, x and y, and two agents A and B, Their utility
functions are
1
Expert's answer
2019-11-28T11:47:47-0500

Consider an economy with the two goods a and b and the two agents. In this case they can reach competitive equilibrium (also called Walrasian equilibrium), which is located at the intersection point of their indifference curves.


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