Question: 2. {16 total points) Suppose there are two consumers, A and B, and 2 goods= X and Y. The utility functions of each consumer are

2. {16 total points) Suppose there are two consumers, A and

2. {16 total points) Suppose there are two consumers, A and B, and 2 goods= X and Y. The utility functions of each consumer are given by: mom = 3x + Y UBQXX} = MI}? or. 21') The initial endowments are: A:X=2;Y=6 B:X=6;Y=2 a) (12 points) Using an Ed geworth Box, illustrate the initial endowments. idlilso= for each consumer= draw the indifference curve that runs through the initial endowment. Be sure to label your graph carefully and accurately. h} (-'l points) Is the initial allocation Pareto Efficient

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