Astrid's utility function is U(H_A, C_A)= H_AC_A.Birger's utility function is min{H_B, C_B}.If Astrid's initial endowment is no cheese and 13 units of herring and if Birger's initial endowments are 8 units of cheese and no herring, then where p is a competitive equilibrium price of herring and cheese is the numeraire, it must be that demand equals supply in the herring market.This implies that A)13/8 = p. B)8/p + 13/2p = 13. C)8/13 = p. D)8/(p + 1)+ 6.50 = 13. E)min{13, 8} = p.

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The Answer of Astrid's utility function is U(H_A, C_A)= H_AC_A.Birger's utility function is min{H_B, C_B}.If Astrid's initial endowment is no cheese and 13 units of herring and if Birger's initial endowments are 8 units of cheese and no herring, then where p is a competitive equilibrium price of herring and cheese is the numeraire, it must be that demand equals supply in the herring market.This implies that A)13/8 = p. B)8/p + 13/2p = 13. C)8/13 = p. D)8/(p + 1)+ 6.50 = 13. E)min{13, 8} = p.

Astrid's Utility Function Is U(HA, CA)= HACA

Astrid's Utility Function Is U(H_A, C_A)= H_AC_A