do not distri 1. Suppose Helen starts out with 4 kilograms of food and 7 litres of water, while Lily starts out with 8 kilograms of food and 5 litres of water. not district (a) Draw an Edgeworth box that shows all possible allocations of these goods, and plot the endowment points. idential. Please tribute Con Now suppose that both Helen and Lily's preference can be described by the utility function U(F, W) = min {F, W} (where F refers to kilograms of food and W refers sto litres of water). Confident (b) Add Helen and Lily's indifference curves to the Edgeworth box, then draw the anddential. Please do not di contract curve. (c) To which points on the contract curve is each consumer willing to trade? 2. Amy (A) and Brian (B) have the following utility functions: fiden US = XXYA, UB = XBYE where their endowments of consumption goods X and Y are as follows: XA = 50, YA = 20, XB = 10, YB = 100. (a) At the endowment point, what are the marginal rates of substitution of X for ase do not distribute. Y for Amy? For Brian? not dis (b) If they could engage in voluntary exchange, would they? of list (c) Find the competitive equilibrium price and allocation. do not distribute. Confidential. Please do n (d) Is the allocation of resources achieved in (c) Pareto-Optimal? Explain. Confidential. PH so do not distribute. please do not