Question: 2. Two consumers have utility functions: U!1L = $11233 U5 = cc? + in (3:3) Consumer a has 10 units of good 1 and consumer

 2. Two consumers have utility functions: U!1L = $11233 U5 =

2. Two consumers have utility functions: U!1L = $11233 U5 = cc? + in (3:3) Consumer a has 10 units of good 1 and consumer I) has 10 units of good 2. A) Write down the \"Market Clearing Conditions\" and the consumers budget equations. B) Write down the consumers marginal rates of substitution and the equation for the contract curve only in terms of as? and :33. (as? and $3 should not appear in the nal equation). C) Find both consumers demands for goods 1 and 2 (Assume p1 = 1). D) Solve for the equilibrium price of good 2. (Assume p1 = 1). What are the equilibrium allocations at these prices

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