Question: 1. General Equilibrium 1 Consider, U1(X1, y1) = 2(191)4 + 20 U2(X2, y2) = 10lnx2 + 4lny2 W1 = (2, 1) and W2 = (1,

1. General Equilibrium 1 Consider, U1(X1, y1) = 2(191)4 + 20

1. General Equilibrium 1 Consider, U1(X1, y1) = 2(191)4 + 20 U2(X2, y2) = 10lnx2 + 4lny2 W1 = (2, 1) and W2 = (1, 2) 1.1 Characterize the Pareto efficient allocations and contract curve. 1.2 Which allocations are in the core? 1.3 Find the Competitive/Walrasian equilibrium for this problem. 1.4 Is the answer of 1.3 in the core

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