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2. Consider the Edgeworth Box diagram below for two individuals named Gilligan and The Skipper, and answer the questions in parts (a) - (e). (Note,
2. Consider the Edgeworth Box diagram below for two individuals named Gilligan and The Skipper, and answer the questions in parts (a) - (e). (Note, in all cases, partial credit will be awarded based on your explanations.) Gilligan The Skipper a) Suppose The Skipper and Gilligan have 2 commodities: coconuts and fish. Gilligan has a total of 40 coconuts and 30 fish. The Skipper has 80 coconuts and 60 fish. Label the four sides of the Edgeworth Box appropriately, including numbers. Explain. b) Clearly designate the current consumption point of The Skipper and Gilligan in the Edgeworth Box. Explain. c) Draw in the contract curve as best you can, given the available information in the Edgeworth Box. Explain
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