Question: 2. General Equilibrium 2 The utility for consumer 1 and 2 are: U1(x], x7) = 4[(21)3 + (202) 3]1/3 U2 (202, 202) = 31(202) 5

2. General Equilibrium 2 The utility for consumer 1 and 2 are: U1(x], x7) = 4[(21)3 + (202) 3]1/3 U2 (202, 202) = 31(202) 5 + (203) 511/5 2.1 Characterize the Pareto efficient allocation and contract curve. 2.2 Characterize the competitive equilibrium if W1 = (5,4) and W2 = (3,6)

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