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Answer all questions on this page based on the following information. Consider a perfectly competitive economy with 200 individuals. Every individual is a producer and a consumer. Each person has a production function as Yi = 100 Xiz. There are 100 type-A individuals, whose preference is given by UA= 5yA (every person) and the rest 100 type-B individuals with U3 = 181MB + 2yB. Suppose the current prices in the markets are px fpy = 4. Follow the steps below to discuss if the markets are in equilibrium. Question 15 (1 point) Budget (or total expenditure. in nominal term) of each type-B person C] 5/ Question 16 (1 point) Quantity of x demanded by each type-B person. C] :9 Question 17 (1 point) Total (gross) quantity of demanded of y in the market C] Q/ Question 18 (1 point) Quantity of x demanded by each type-A person. D Question 19 (1 point) MRS of each type-A person with the optimal consumption bundle C] Q; Question 20 (1 point) Quantity of y demanded by each type-B person. C] Q; Question 21 (1 point) Quantity of y demanded by each type-A person. C] 15/ Question 22 (1 point) MRS of each type-B person with the optimal consumption bundle [j 13/ Question 23 (1 point) Total (gross) quantity of demanded of x in the market C} Q; Question 24 (1 point) Budget (or total expenditure, in nominal term) of each type-A person. C] '3