In an exchange economy there are two people a and b and two, Microeconomics

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In an exchange economy there are two people a and b and two

Problem

In an exchange economy there are two people (A and B), and two goods (x₁ and x₂). Their respective utility functions and endowments are: U^A(x₁^A, x₂^A) = 3x₁^A + x₂^A, U^B(x₁^B, x₂^B) = x₁^B + 3x₂^B, ?^A= (³/₂,³/₂), ?^B= (³/₂,³/₂). What are the minimum and maximum possible amounts of x₁^Ain the core?

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Microeconomics: In an exchange economy there are two people a and b and two

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Microeconomics: In an exchange economy there are two people a and b and two

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