Marcin And Adam Both Consume The Same Goods In A Pure Exchange Economy Marcin Is Ori 3280782
Marcin and Adam both consume the same goods in a pure exchange economy. Marcin is originally endowed with 18 units of good x and 14 units of good y. Adam is originally endowed with 16 units of good x and 3 units of good y. They both have the utility function U(x, If the price of good x is 1 per unt, then what will be the equilibrium price of good y? a) 2 b) 8 c) 1 d) 4 e) None of the above.
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