Answer the following:

Consider an economy with two consumers and two goods. The total amount of good 1 is m1 = 75 and the total amount of good 2 is 12 = 150. Alice has the utility function us(x4, x4) = (x4)i(x4); and Bob's utility function is UB(TP, x!) = (x3)4/6(x8)1/6 Assuming that Alice has 60 units of good 1 and 50 units of good 2. Bob has 15 units of good 1 and 100 units of good 2. use Walras' law to find a Walrasian equilibrium involving pi = 1. Verify that demand equals supply in both markets by calculating the excess demand functions for both consumers in both markets. Write down the allocation after trading at the prices you have found. Is the allocation Pareto efficient