good day
I need help with a step by step approach to calculating equilibrium prices and allocations given this utility function
a) uA(x A 1 , x A 2 ) = squareroot( x A 1) + x A 2 , uB(x B 1 , x B 2 ) = ln x B 1 + x B 2 , ωA = (6, 3), ωB = (2, 1).
good day
I need help with a step by step approach to calculating equilibrium prices and allocations given this utility function
a) uA(x A 1 , x A 2 ) = squareroot( x A 1) + x A 2 , uB(x B 1 , x B 2 ) = ln x B 1 + x B 2 , ωA = (6, 3), ωB = (2, 1).