Question: Consider two individuals with the following utility functions: UA = Inc + InyA UB = =$+ lyB Suppose the endowment points are 27 = 50,

Consider two individuals with the following utility functions:

UA = Inc + InyA UB = =$+ lyB Suppose the endowment points are 27 = 50, 7 = 20, c; = 30 and y; = 30. (a) Find the incomes of two individuals (b) Find the market demand curve for good Y. (c) Find the equilibrium price ratio Py Pr

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