Question: Please help me answer this question, thanks 3. [4] Consider a two-consumer, two-period economy. Each consumer owns 1 unit of the consumption good in both

Please help me answer this question, thanks

 Please help me answer this question, thanks 3. [4] Consider atwo-consumer, two-period economy. Each consumer owns 1 unit of the consumption good

3. [4] Consider a two-consumer, two-period economy. Each consumer owns 1 unit of the consumption good in both periods. The utility of consumer A from consumption path ($14,324) is 11le + 11133, and the utility of consumer B from consumption path ($13,323) is (1 ,8) lnr'lg + lnrg, Where (J 5 {3 E 1. Notice that consumer A does not discount future consumption, whereas eonslnner B can either have a preference for current or future consumption (depending on Whether [3' 5 1h or ,8 3 U2, respectively). (a) [2] Derive the Pareto set of this economy. (1)) [2] How does the Pareto set you found in (a) depend on ,3? Interpret your

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