Question: answer with explanation We have two individuals both with utility functions given by U =xty . Individual A is able to produce x and y

answer with explanation

answer with explanation We have two individuals both with utility functions given

We have two individuals both with utility functions given by U =xty . Individual A is able to produce x and y and their production possibility frontier is given by y = 100 - 2x Individual B is only endowed with 20 units of x and cannot produce y. Which of the following statements are true about this economy? (select all that apply). The marginal social benefit of y is greater than x. Possible equilibrium prices are Px=1 and Py=1. The marginal social benefit of x is greater than y. The marginal social cost of y is greater than x. Possible equilibrium prices are Px=2 and Py=1. The marginal social cost of x is greater than y

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