General Equilibrium: Consider an exchange economy with two goods, x and y, and two consumers. Let U1(x1,y1) = x1 + 2y1 and U2(x2,y2) = x2 + 0.5y2 . Suppose the first consumer has an endowment of (0,10), and the second (10,0). a. (3 pts) Draw an edgeworth box and label the endowment point. Draw the indifference curves containing the endowment point for each consumer. Identify pareto improvements relative to the endowment point. b. (4 pts) Find the pareto efficient allocations. Draw the contract curve. For full credit, you should include edgeworth boxes and corresponding explanations. You will need to rule out certain cases and justify other cases.