Question: There are two commodities. Alice has preferences representable by x + y. Bob's preferences are representable by y + log (x). Alice has endowment (2,
There are two commodities. Alice has preferences representable by x + y. Bob's preferences are representable by y + log (x). Alice has endowment (2, 3) and Bob has endowment (5, 7). What equation describes the part of the Pareto set in which both Alice and Bob have some positive quantity of the x commodity?
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