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I 2. (24 points) Suppose there are two consumers, A and B, and two goods, X and Y. The consumers have the following initial endowments

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I 2. (24 points) Suppose there are two consumers, A and B, and two goods, X and Y. The consumers have the following initial endowments and utility functions Consumer A: .X = 5 -Y = 2 - UA (XX) = MIN (2X,Y) Consumer B: -X=3 -Y=6 -UB(X,Y):3X+Y Suppose the Price ofX is PX : $2, and the Price on is PY : $1. a) (16 points) Suppose each consumer sells their initial endowment and buys back their optimal bundle. Using an Edgeworth Box, illustrate - The Budget Constraint - The Initial Endowment (W) . A's Optimal Bundle (A) . B's Optimal Bundle (B) Label the initial endowment W, label A's optimal bundle A, and label B's optimal bundle B. Make sure your graph is clearly and accurately labeled

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