Question: [ Proof using algebra not explanation ] Consider the two - by - two pure exchange economy discussed in class. Denote the consumption bundle for

[Proof using algebra not explanation] Consider the "two-by-two" pure exchange economy discussed in class.
Denote the consumption bundle for each individual i={1,2} as xi=(x1i,x2i).
Suppose endowments are i=(1,1) for each i. Further, suppose preferences are
characterized by the following utility functions:
U1(x1)=min{x11,x21}
U2(x2)=max{x12,x22}
Characterize the equilibrium allocation(s)xi* in this economy, if any.
[ Proof using algebra not explanation ] Consider

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