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Need help with this problem! 11. (10 points) Our society is made up of two individuals named Mary and Jake. The goods they produce and

Need help with this problem!

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11. (10 points) Our society is made up of two individuals named Mary and Jake. The goods they produce and consume are chicken and eggs. Currently, prices are such that Mary solves her producer problem by making all chicken and Jake solves his producer problem by making all eggs. a. Depict the situation as described above by adding PPFs and revenue lines to the graphs for Mary and Jake below. Be sure to label which is the PPF and which is the revenue line on both graphs. Assume the graphs are scaled the same. chicken chicken eggs eggs Mary Jake b. When Mary and Jake then solve their consumer problems at these prices, overall they want to consume more chicken (and fewer eggs) than they were willing to produce. Add indifference curves to both graphs above to depict this situation. c. Given the situation in part b., what will happen to the price of chicken (Pc) and the price of eggs (PE)

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