Question: Consider, UI($1, y1) = 5(21y1)3 + 12 U2($2, 12) = 3lnx2 + 25lny2 + 10 W1 = (7,3) and W2 = (4, 6) a. Characterize

Consider, UI($1, y1) = 5(21y1)3 + 12 U2($2, 12) = 3lnx2 + 25lny2 + 10 W1 = (7,3) and W2 = (4, 6) a. Characterize the Pareto efficient allocations and contract curve (5 points). b. Which allocations are in the core (5 points)? c. Find the Competitive/Walrasian equilibrium for this problem (5 points). d. Is the allocation found in c in the core? Why? (5 points)

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