Question: Question [8]: [12 marks] Consider a 2 consumer 2 good pure exchange economy. Suppose consumer A has pref erences represented by a: + Ei. Suppose

Question [8]: [12 marks] Consider a 2 consumer 2 good pure exchange economy. Suppose consumer A has pref erences represented by a: + Ei. Suppose consumer B has preferences represented by min{2a: + 19,11: + 23;}. Suppose that the economy has 40 units of good :1: and 40 units of good y. 1. Provide a representation of the Edgeworth Box and clearly indicate the weak and strong Pareto Sets. 2. Suppose that the endowment is ((40, 20), (0, 20)). What is the Walrasian equilibrium? 3. Suppose that the endowment is ((20, 20), (20, 20)). What is the Walrasian equilibrium

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