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In an exchange economy, there are two people, A and B, and two goods, ????1 and ????2

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In an exchange economy, there are two people, A and B, and two goods, ????1 and ????2. Their respective utility functions and endowments are ????????(????????1,????????2)=min{????????1,2????????2} ????????(????????1,????????2)=????????1+????????2 ????????=(6,13) ????????=(6,0). Note: The ????s and ????s in the equations above are not powers but rather superscripts to indicate each agent.

The minimum and maximum possible amounts of ????????2 on the contract curve are

Minimum ????????2=

Maximum ????????2=

The minimum and maximum possible amounts of ????????1 on the contract curve are

Minimum ????????1=

Maximum ????????1=