Question: This economy has two agents A and B and two goods x and y. The utility functions are given by: U (33A,y'4) = ln (33)

This economy has two agents A and B and two goods x and y. The utility functions are given by: U (33A,y'4) = ln (33") + ln (31A) U($B,y3) = %1n(a:B) + lan) The endowments are given by (63,6?) = (4, 2) and (65,65) = (2, 4). 1. Draw the Edgeworth box and the endowment point. Make sure to label the length of each axis. Also, draw the indilference curve that goes through the endowment bundle for each agent. (Assume the indifference curves have the usual 'CobbDouglas' shape.) 2. Let p; = 1. Find the competitive equilibrium: (pg, p3) and {(3:*A, y\"), (z*B,y*B)}. Is this allocation Pareto eicient

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