Consider an economy in which preferences are given by U1=x11+x21, and U2=min{x12,x22}. Given the endowments 1=(1,2) and 2=(3,1), construct the set of Pareto efficient allocations and the contract curve. Which allocations are also competitive equilibria? Consider an economy in which preferences are given by U1=x11+x21, and U2=min{x12,x22}. Given the endowments 1=(1,2) and 2=(3,1), construct the set of Pareto efficient allocations and the contract curve. Which allocations are also competitive equilibria