ECON 2030 Midterm: Exam-ECON2003-2005April
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N o . o f s t u d e n t s : 7 c. D e p a r t m e n t n a m e & c o u r s e n u m b e r : C o u r s e l n s t r u c t o r ( s : m c f e t r i d g e. E c o n 2 0 0 3 d. , x } l l r \ where xu and yo are beckr"s consumption of x and y respectively" Assume arthur"s initial endowment is 10 x and 25 y and becky"s initial endow"ment is l5 x and. Shor"r"hou"and *h1""vour ans\"er nould change if there \"t"re six (equalll"spaced) ii""n""" l""" the markr;t instead of f-ive" (8 marks: an econom}"is endorr. ed r,vith tu"o inputs.
