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1. {12 total points] Suppose there are two consumers, EL and E, and 2 goods, K and 1'. The utility functions of each consumer are
1. {12 total points] Suppose there are two consumers, EL and E, and 2 goods, K and 1'. The utility functions of each consumer are given by: Inger) = 3:: + r can?) = K s r The initial endowments are: :- A:X=D;'i B:15{=4"E : 3 I a] (3 points} Using an Edgeworth Eon; illustrate the initial endowments. Also, for each consumer, draw the indifference curve that runs through their bundle. Be sure to label your graph carefully and accurately, and make sure to identify which indifference curve is Consumert'm and which indifference curve E Consumer B's
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