6. Figure 2 is an Edgeworth Box diagram, illustrating endowments and preferences for two people (Person 1 and Person 2) and two goods (X, moving horizontally, and Y, moving vertically). The initial endowment is at point A. Person 1's preferences are represented by the dashed indifference curve. Person 2's preferences are represented by the solid indifference curve. Figure 2 Amount of Good X Consumed by Person 2 Person 2 Amount of Good Y consumed by 1 z Aq pawnsuod A poo9 jo Junoiuy Person1 Amount of Good X Consumed by Person 1 6.1 Are there mutually agreeable trades that Person 1 and Person 2 could make that would leave both of them better off than they are at point A? How do you know? What would these trades involve which person would likely give up X, and which would give up Y? 6.2 Starting from the distribution of goods at point A, can these two people reach point B through mutually agreeable trades? Explain. 7. Rachael starts out with 10 lobsters and 5 coconuts. Freya starts out with 10 lobsters and 15 coconuts. After trading, Rachael ends up with 8 lobsters and 10 coconuts. Rachael feels neither better nor worse off than when she started but cannot get Freya to agree to any more trades. Freya feels better off than when she started. Draw the Edgeworth box consistent with this story