5 By 10 Utilty Trailer Niagara Miceoncomics Questions!?

Miceoncomics questions!? - 5 by 10 utilty trailer niagara

Consider an economy w / 2 companies to consumers. Consumer 1 (C1) is the owner of the firm 1 (F1) and consumer2 (C2) has firm2 (F2). F1 land used for) goods in accordance with the production function F (L1) fabrications = 2 (L1. F2 land use objects that are producing for agriculture according to production function (L2) = 3 () L2. The marginal product of land for each company are given by = 2 MPL1, MPL2 = 3 Consumers have every field W/10 units. C1 and C2 have been utilty functions u (M1, A1) = m1 ^ 2 / 5 * A1 ^ 3 / 5, u (m2, a2) = 10 + (1 / 2) (m2 + to A2), where MI and AI are the quantities of manufactured goods and agricultural products consumed by agent i E (1,2). The marginal utility of each good for consumers of MUM1 = 2 / 5 (a1/m1) given ^ 3 / 5 MUa1 = 3 / 5 (M1/A1) ^ 2 / 5 MUm2 = 1/2m2, MUa2 = 1/2a2. Let w, H & PA on price andf agriculture, industrial goods and agricultural products.

d) the first sentence of the social economy, which applies to this intuition economy.state set and conduct the necessary requirements.