Question

Two consumers (A,B) , two firms with goods x, y. The consumers are initially endowed with: K^A=100 L^A=250, K^B=300, L^B=150

*What I have so far

U=X^2Y MRS^A=2Y^A/X^A=P^X/P^Y

U=XY^2 MRS^B=Y^A/2X^A=P^X/P^Y

X=K^1/3*L^2/3 mrts=2K^X/L^X=w/r

3*K^1/3*L^1/3 mrts=2K^Y/L^Y=w/r

r=1, find: the competitive general equilibrium p^x,p^y,w,

Equilibrium quantities demanded of x and y for both consumers, the equilibrium production function inputs

Answer 1