Question: please help and explain 5. (3.5 points) There are two goods (1 and 2) and two consumers (A and B). Preferences described by K. C}

please help and explain

please help and explain 5. (3.5 points) There are two goods (1

5. (3.5 points) There are two goods (1 and 2) and two consumers (A and B). Preferences described by K\". C} \\_/ UA($,142$2A) : min{$}4,$i} \"B (37131 I???) A '4 v 1 2 $333 Where 3:114 is the quantity of good 1 consumed by A, 513% is the quantity of good 2 consumed by A, :5}; is the quantity of good 1 consumed by B, 2:23 is the quantity of good 2 consumed by B. Endowments are 6A = (4, 2), (2,1). A 00 \\_/ A U: \\_/ 63 (a) Sketch the Edgeworth box. Clearly label your graph. (1.5 points) (b) Find the contract curve. (1 point) (c) Find a competitive equilibrium, i.e., {X A,X B,%} where X'A E (filial) and X3 E(713,i"?3). (1 point)

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