Question: Astrid's utility function is U ( H A , C A ) = H A C A . Birger's utility function is U ( H

Astrid's utility function is U(HA, CA) = HACA.

Birger's utility function is U(HB, CB) = min{ HB, CB }. I

Astrid's initial endowment is no cheese and 8 units of herring.

Birger's initial endowments are 7 units of cheese and no herring.

p is a competitive equilibrium price of herring and cheese is numeraire. All markets clear.

If we draw an Edgeworth box with herring on the horizontal axis, the length of the box would be ? and the height would be ? units.

At the competitive equilibrium, Astrid consumes ? units of herring.

At the competitive equilibrium, p=a/b where a= ? and b= ? .

At the competitive equilibrium, Birger consumes ? units of herring and ? units of cheese.

At the competitive equilibrium, Astrid consumes ? units of cheese.

At the competitive equilibrium, the monetary value of Astrid's endowment bundle is equal to ? .

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