can I please get a detailed solution?

Consider a competitive endowment economy with two consumers, A and B, and two goods, c1 and C2. Consumer A's endowment is 60" = ((011, (of), and consumer B's endowment is (DB = (60?, (of). Let c3- denote the consumption of good j by consumer i (for example, c; denotes the consumption of good 2 by consumer A). The consumers have identical preferences represented by the utility function 1 _I u(c1, cz) = cf + cf. The price of c2 is normalized to 1 (that is, good 2 is treated as numeraire), and the price of Cl is p. Part 1 (1 point) 0 See Hint An equation for the competitive equilibrium price, p, strictly in terms of the endowments, that is, in terms of (0'14 ,co'24 , 6013 , and to? is Choose one: ( 1 B- _ (wfof 1" mm? B ( 2 S N; + S v V V v to]... Part 2 (1 point) 0 See Hint Letco'l\" = 5,w2 = 295,a){3 = 7,andco2 = The competitive equilibrium price,p, equals l . Part 3 (5 points) See Hint Suppose now that the government wants to redistribute wealth. Specifically, the government chooses to take everything away from consumer A and give it to consumer B. After this redistribution, the equilibrium price, p, is , and the equilibrium consumptions are CH = CH = C.B = CB = Part 4 (3 points) See Hint Before the redistribution, consumer A was after the redistribution. Before the redistribution, consumer B was after the redistribution. better off than In terms of efficiency, we know that as well off as worse off thanPart 4 (3 points) See Hint Before the redistribution, consumer A was after the redistribution. Before the redistribution, consumer B was after the redistribution. In terms of efficiency, we know that Choose one: O A. a competitive equilibrium before the redistribution would have been Pareto efficient, but the one after the redistribution is not. O B. a competitive equilibrium after the redistribution is Pareto efficient, but a competitive equilibrium before the redistribution would not have been Pareto efficient. O C. a competitive equilibrium before the redistribution would have been Pareto efficient, and the competitive equilibrium after the redistribution is also Pareto efficient