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Hi, I'm struggling with this question. Full answer urgently needed for a task! Tutorial Question 3 Consider a two-person (A and B], two-commodity (1 and

Hi, I'm struggling with this question. Full answer urgently needed for a task!

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Tutorial Question 3 Consider a two-person (A and B], two-commodity (1 and 2) pure exchange economy. Suppose that individual A's preferences can be represented by the utility function UA (qqgl) = 914 + 111(95\") , where (if is individual A's consumption of commodity one and (1&4 is individual A's consumption of commodity two. Similarly, suppose that individual B's preferences can be B B B _ B B represented by the utility function U (91 :92 ) 91 + 2111 (92 ), whereqi'3 is individual B's consumption of commodity one andQ2B is individual B's consumption of commodity two. Individual A is endowed with one units of commodity one and two units of commodity two, while individual B is endowed with two units of commodity one and one unit of commodity two. 1. What are the dimensions of the Edgeworth-Bowley box diagram thatcan be used to depict this economy? . Find the set of Pareto efficient allocations for this economy. Find the set of individually rational allocations for this economy. . Find the contract curve for this economy. 01..th . Illustrate your answers in an Edgeworth-Bowley box diagram

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