5. Assume an endowment economy with two players (Genevieve and Catherine) and two goods (fish and coconut) as illustrated in the Edgeworth box below. E represents the initial endowment point. IG and IC represent indifference curves of Genevieve and Catherine, respectively. 3 NDH price 68,85) high capacity ? medium price 638) low price ( Iolo) ? high price 610,15) Lowcapacity BJmedwmpnooll3.se ) bro price (6,10 ) 3 ?? data les 2 - F o ? JI ? 6 1- IS If IF I l l J Genevieve l 2 ? 3 4 5 (a) What is the total endowment in this economy? Justify your answer. (2 marks) (b) Is point A efficient and equitable? Justify your answer. (3 marks)

5. Assume an endowment economy with two players (Genevieve and Catherine) and two goods (fish and coconut) as illustrated in the Edgeworth box below. E represents the initial endow- ment point. IG and I represent indifference curves of Genevieve and Catherine, respectively. E 2 A Co Geneveis 1 2 W 4 5 (a) What is the total endowment in this economy? Justify your answer. (2 marks) (b) Is point A efficient and equitable? Justify your