Question: needed help w this question Question 2 (6 points) Albert has a utility function for goods X and Y given by uA(XA, YA) = XA

needed help w this question

needed help w this question Question 2 (6 points) Albert has a

Question 2 (6 points) Albert has a utility function for goods X and Y given by uA(XA, YA) = XA + 2YA, while Beatrices utility function is uB(XB, YB) = min{2XB, YB}. Suppose that Albert's endowment is (XA, YA) = (6,5) and Beatrice's endowment is (X,, Y;) = (4, 3). a. (2 points) Sketch the Edgeworth box with X on the horizontal axis and Y on the vertical axis, and with Albert's origin in the lower left and Beatrice's origin in the upper right. In- dicate the endowment point and sketch in the indifference curves through the endowment. b. (2 points) Indicate the set of Pareto Efficient points. What does Pareto efficiency tell you about the equilibrium price ratio? c. (2 points) Calculate the competitive equilibrium, and graph in the budget line and indi- cate the equilibrium allocation in your sketch

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