Hello, I was practicing this question and I am confused with the notation, etc. If someone could help, that would be great!
In an exchange economy, there are two agents, A and B, and there are 460 total units of x and 460 total units of y. The two consumers have utility functions u(x,y) = xy and u(x,y) = xy, respectively.
Assume the initial endowments are 276.00, 414.00, and 184.00, 46.00. Let p be the price of good y, and let the price of good x be 1. The competitive equilibrium value of p is the answer to the nearest two decimals if needed. (Round your response with the format below.)