supercute3487 supercute3487
  • 11-04-2024
  • Business
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Consider an economy populated by N agents, each of which has an endowment given of y₁ = 1 apple in period 1 and y₂ = 1 apple in period 2. Preferences are given by: U(c₁,c₂) = c₁¹/²+ c₂¹/²

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