Question: Carlos's utility function is u ( a , b ) = a + 2 b , where a is his consumption of artichokes and b

Carlos's utility function is
u(a,b)=a+2b,
where a is his consumption of artichokes and b is his consumption of broccoli.
Laura's utility function is
u(a,b)=min{a,2b}.
Laura initially has 60artichokes and no broccoli. Carlos initially has 60broccoli and no artichokes Let ac be Carlos's consumption of artichokes and let bc be his consumption of broccoli. Let artichokes be the numeraire, and let the price of broccoli be p.At competitive equilibrium, Carlos's consumption will have to satisfy the budget constraint
ac +__bc =__p
This is one equation in two unknowns. To find a second equation, consider Laura's consumption. In competitive equilibrium, total consumption of artichokes equals the total supply of artichokes, and total consumption of broccoli equals the total supply of broccoli. Therefore, Laura will consume 60ac artichokes, and she will consume 60 bc broccoli.
At a competitive equilibrium, Laura will be consuming at one of her kink points. The kinks occur at bundles where she consumes 2 artichokes for every broccoli she consumes. Therefore, we know that 60-ac /60-bc=2.
You can solve the two equations that you found in Parts 1 and 2 to find the quantities of artichokes and broccoli consumed in competitive equilibrium by Carlos and Laura. Carlos will consume ___ artichokes and ____ broccoli. Laura will consume ___ artichokes and 15 broccoli.

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