# Competitive Equilibrium Price Vector

** Please see the attached file for full problem description **

Â© BrainMass Inc. brainmass.com March 4, 2021, 5:51 pm ad1c9bdddfhttps://brainmass.com/economics/general-equilibrium/competitive-equilibrium-price-vector-14345

#### Solution Preview

** Please see the attached file for the complete solution response **

Given a two-agent two-good pure exchange economy in which the indirect utility functions are , and and the corresponding endowments are and , compute the competitive equilibrium price vector and allocation and explain your calculations.

For agent 1, the Marshallian demand function can be derived by ...

#### Solution Summary

This solution includes a detailed computation of the competitive equilibrium price vector and allocation and explain your calculations.

$2.49