Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Utility functions
Welfare Economics
Equilibrium Allocation

Formulas

u^A(x1A, x2A) = 5 * (x1A)^2 * x2A
u^B(x1B, x2B) = min(x1B, x2B)

Theorems

Pareto Efficiency
Equilibrium Allocation

Suitable Grade Level

Undergraduate Economics