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I am confuse that how to draw it and explain it thank you! [20 marks] Consider an exchange economy with two consumers (A and B)

I am confuse that how to draw it and explain it thank you!

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[20 marks] Consider an exchange economy with two consumers (A and B) and two goods (x and y). Suppose the consumers have preferences with the following MRS of x for y: MRS A = MU x _ YA MU x _ YB MUy XA MRS B = MUy XB Suppose consumer A is endowed with 2 units of good x and 0 unit of good y while consumer B is endowed with 0 unit of good x and 1 unit of good y. Write down the equations that describe the Pareto-efficient allocations and depict the contract curve in an Edgeworth box. Is the initial endowment Pareto-efficient? Explain. 8 801 0 80 185% SS emba 9 5 e

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