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Optimize with legrangian Assume an economy with two consumers having the following utility
functions: U1=x111/2x121/2,U2=x211/3x222/3. Solve for the equilibrium prices (p1,p2) ?

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Optimize with legrangian Assume an economy with two consumers having.pdf

  • 1. Optimize with legrangian Assume an economy with two consumers having the following utility functions: U1=x111/2x121/2,U2=x211/3x222/3. Solve for the equilibrium prices (p1,p2) ?