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I Question [1]: For each of the following pure exchange economies with 2 goods and 2 consumers, draw a well labelled representation of the Edgeworth
I Question [1]: For each of the following pure exchange economies with 2 goods and 2 consumers, draw a well labelled representation of the Edgeworth Box and clearly indicate and f or describe the Pareto Set, i.e. the set of Pareto optimal allocations. Indicate the set of allocations that are only weaklyr Pareto optimal if there are such allocations. 1. \"ACE, y) = :7: + V37; 113(3, y) = 8:1: + 33:; Total endowment (10, 20) 2. with}; y] = min{3:, y}; 115(m, y] = m + EVE; Total endowment [10J 15} 3. \"u.\"(m, y] = min{3:, y}; 115(m, y] = max{3:, 3;]; Total endowment (20,10)
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