I honestly do not know how to solve this problem can someone please help me with this problem?

Print this page out and use the space below and the back to write out and clearly indicate your answers . Do not use this sheet as scrap paper , but use it to neatly present your work . Andre and Camilla share the same utility function for goods * & indy given by minix , y ) . That is , us ( x y ) min ( x y ) and uc ( x y ) = min( x y ) . Now suppose that Andre's endowment of good x and good is given by ( way , why ) = ( 5 2 ) and Camilla's is ( @ , w ) = ( 1 3 ) Pick goody to be the numeraire , so that py = 1 . Sketch the Edgeworth box with Andre's origin in the lower left hand corner , and good * along the horizontal axis . Indicate the set of Pareto efficient points . Does competitive equilibrium exist ? If yes , find one ; if not , explain why . Now suppose Camilla 's endowment is instead ( we , wy ) = ( 1 4 ) . Sketch a new Edgeworth box , again with Andre's origin in the lower left hand corner , and good * along the horizontal axis . Indicate the set of Icate Pareto efficient points . Does competitive equilibrium exist ? If yes , find one ; if not , explain why Note : As sume positive prices . ) ( Hint : Check the slides for Arrow Debreu existence theorem and the general equilibrium definition . )