Question: Solve the given microeconomics question Question 2: There are two consumers A and B , and two commodities x and y. UA = XAYA v(1-):

Solve the given microeconomics question

Question 2: There are two consumers A and B , and two commodities x and y. UA = XAYA v(1-"): Utility function of consumer A. WA : consumer A's endowment of good x WA : consumer A's endowment of good y Up - 2X8 + VB: Utility function of consumer B. Wg : consumer B's endowment of good x Wp : consumer B's endowment of good y Px: price of good x Py: price of good y. p - Px /p.: relative price of good x H a. Find the equation of the contract curve. b. Find the competitive equilibrium (p*, XA , YA, XB. VB). Your answer should be in terms of the parameters only

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