Consider a two-onsumer exchange economy. Consumer 1 and 2 have
utility functions:
U1(x, y) = x2/3y1/3
U2(x, y) = x1/2y1/2
Initial endowment e1=(18,7) (It means consumer 1 has 18 units of x and 7 units of y initially), e2=(15,16).
a. Define a (competitive) general equilibrium in this economy.