Question: 4. General Equilibrium 1 (30 points) Consider, UI(ni, yl) = 4(ciy1) U2(12. 12) = Inx2 + Any2 W1 = (6, 4) and W2 = (3,

4. General Equilibrium 1 (30 points) Consider, UI(ni, yl) = 4(ciy1)

4. General Equilibrium 1 (30 points) Consider, UI(ni, yl) = 4(ciy1) U2(12. 12) = Inx2 + Any2 W1 = (6, 4) and W2 = (3, 6) a. Characterize the Pareto efficient allocations and contract curve (10 points). b. Which allocations are in the core (5 points)? c. Find the Competitive/Walrasian equilibrium for this problem (10 points). d. Is the answer of c in the core (5 points)

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