Question: Can someone help me please how to solve this step by step so i can understand. Suppose there are two consumers, A and B. The

Can someone help me please how to solve this step by step so i can understand.

Can someone help me please how to solve this step by step

Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X*Y UB(X,Y) = X*Y2 Therefore: . For consumer A: MUx = Y; MUY = X . For consumer B: MUx = Y2; MUy = 2XY The initial endowments are: A: X = 200; Y = 46 B: X = 40; Y = 26 a) (20 points) Suppose the price of Y, Py = 1. Calculate the price of X, Px that will lead to a competitive equilibrium. b) (8 points) How much of each good does each consumer demand in equilibrium? Consumer A's Demand for X: Consumer A's Demand for Y Consumer B's demand for X Consumer B's demand for Y

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