Question: Could you help to solve this question? 4. (25 points) Consider an exchange economy with two goods (x and y) and two agents (a and

Could you help to solve this question?

Could you help to solve this question? 4. (25 points) Consider an

4. (25 points) Consider an exchange economy with two goods (x and y) and two agents (a and b). Agent a has preferences represented by Wa (Ta, ya) = Caya and endowment (wa, wa) = (2, 3). Agent b has preferences represented by ub(Xb, yb) = min {xb, 2yb} and endowment (wo = (6, 1). (a) Compute and draw the contract curve, the core, and all Walrasian equilibria. (b) Repeat part (a), but where agent a has preferences represented by max { Ta, 2ya}

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