(Answered) Perfectly competitive market2 identical consumersppf is

Economics

Perfectly Competitive market

2 identical consumers

PPF is y=100-x^2

U = x^0.5 * y^0.5 for both of the consumers

Is PX/PY = 1 an equilibrium price? Why or why not?

Whats the total amount of x and the total amount of y and the Py/Px that achieves allocative efficiency?

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Business Economics, Economics

Category:- Business Economics
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