econoimcs expert required

6. Consider a general equilibrium model with two consumers, Adam and Betty, and two goods, corn and peas. There are a total of 500 ears of com and 300 pounds of peas. At the initial endowment, Adam has 400 ears of com and 80 pounds of peas. Draw an Edgeworth box illustrating this situation (put corn on X axis and peas on Y so we are all on same page!). (1 pt) Assume that the endowment point is NOT Pareto Efficient (i.e. Adam and Betty's indifference curves are not tangent) and show the "region of mutual advantage. Then show a price that would clear the market" and estimate the new allocations of corn and peas that Adam and Betty would have after the trade (1 pt). Show that, indeed, the quantity of com supplied by Adam is equal to the quantity demanded of com by Betty and that the quantity of peas supplied by Betty is equal to the quantity of peas demanded by Adam. (1 pt)