C. There are two persons, A and B. and two goods. 1 and 2. , .. . . 1 2 . 1 , . 1 2 . 1 Person As utility function is UAOCA 'XA) = min()( . Xi ). and 35 is UthB ,X3) = minpt B (1) a. Draw an Edgeworth box it (w; + W1B ) = (w: + w; ) = 3. Which point is 3'5 preferred point? Which is A's? 2 pr }' b. If A's endowment is w; = e, wi = 2. mark endowment point w. (2) a. Draw the indierence curves that go through W and indicate the set of feasible allocations. b. Given W. what Pareto-optimal allocation would A choose? What would B choose? (3) a. Show which points lie on the contract curve. to. Show which points on the contract curve are in the set of feasible allocations. (4) a. If P1 = 1 and P2 = 1, draw the budget line through W. b. Show the market equilibrium X and the related indifference curves