Question: I will attach my question in the picture form. please kindly find it. Consider an exchange economy with two goods and two consumers. Consumer 1

Consider an exchange economy with two goods and two consumers. Consumer 1

I will attach my question in the picture form. please kindly find it.

Consider an exchange economy with two goods and two consumers. Consumer 1 has utility and endowment WI (1, 1 + a) where a > O. Consumer 2 has fimction Til, X21 + and endowment w utility function u2(X12, (a) Prove that there is no competitive equilibrium if a O. (b) For what values of a does this economy have a competitive equilibrium? For those values, find the equilibrium.

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