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
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