Question: show work please 5. General Equilibrium 2 (20 points) The utility for consumer 1 and 2 are: U1(x], x]) = A[(]) + (x2)P1/P U2(202, 2?)

show work please

5. General Equilibrium 2 (20 points) The utility for consumer 1 and 2 are: U1(x], x]) = A[(]) + (x2)P1/P U2(202, 2?) = BI(2)+ (23) 6]1/6 a. Characterize the Pareto efficient allocation and contract curve (10 points). b. Characterize the competitive equilibrium if W1 = (2,0) and W2 = (0,6) (10 points)

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