full solution and explanation

3. Waew and Mick were willing to trade their possessions as long as the exchange did not deteriorate their welfare. At the start of the week, Waew has 15 bread slices and 5 donuts while Mick has 5 bread slices and 15 donuts. The satisfaction characteristic of Waew can be expressed by UW = max (bmdw). Similarly, the satisfaction characteristic of Mick is expressed by UM = bM + 0'\". Where bw ,dw , bM , dM represent the amount of bread and donuts of Waew and Mick respectively. Draw an Edgeworth box of the exchange between Waew and Mick. By giving the plot of the line of satisfaction of Waew with origin points in the bottom left corner, and the Mick's satisfaction plot has the origin point in the upper right corner. And, Demonstrate that 3.1 Specify the core allocation of the exchange. (5 points) 3.2 Identify general equilibrium allocation. (5 points)