Colette and Hans Both Consume the Same Goods in a Pure

Multiple Choice

Colette and Hans both consume the same goods in a pure exchange economy.Colette is originally endowed with 15 units of good 1 and 12 units of good 2.Hans is originally endowed with 97 units of good 1 and 4 units of good 2.They both have the utility function U(x₁, x₂) = x^1/3₁x^2/3₂.If we let good 1 be the numeraire, so that p₁ = $1, then what will be the equilibrium price of good 2?

A) $14
B) $28
C) $2
D) $1
E) $7