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Question: 24 consider an exchange economy consisting of two people a...

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24. Consider an exchange economy consisting of two people, A and B, endowed with two goods, 1 and 2 Person A is initially endowed withw10,0) and person B is initially endowed with w-(0,20), where the first component of each vector indicates the endowment of good 1.Their preferences are givern by U2) and U(i, 2)3 +2 Which of the following choices represents the contract curwe in this economy (in terms of As cxordinates)? d) 2r 25 Consider the same exchange ecoy from the previous question. Which of the following represent the equilibrium outcome? (p.rf, r, r, หุ้). (a) (3,6, 12,4,8) (b) (3,9,3,1,17) (c) (2,8,3,2,17) (d) (2,9,2,1, 18)

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