please do it in 25 minutes please urgently... I'll give you up thumb definitely

Free-Response #1: Consider an exchange economy consisting of two people, A and B, endowed with two goods, 1 and 2. Person A is initially endowed with WA = (2,0) and person B is initially endowed with WB = (0, 1). Person A's preferences are given by UA(x1,x2)= x1x2 and Person B's preferences are given by UB(x1,x2) = x12x2. a) (4 points) Write the equation of the contract curve (express x2A as a function of x74). b) (4 points) Let P2= 1. Find the competitive equilibrium price, P1, and allocations, XA = (x2A, x2A) and XB = (x1B, 2B). = c) (4 points) Now suppose that Person B instead has preferences given by UB(x1,x2) = x1+ 2x2. Find the competitive equilibrium price, P1, and allocations, XA = (x24, x2A) and XB = (x1B, 2B) in this case. X2 X 7 Free-Response #1: Consider an exchange economy consisting of two people, A and B, endowed with two goods, 1 and 2. Person A is initially endowed with WA = (2,0) and person B is initially endowed with WB = (0, 1). Person A's preferences are given by UA(x1,x2)= x1x2 and Person B's preferences are given by UB(x1,x2) = x12x2. a) (4 points) Write the equation of the contract curve (express x2A as a function of x74). b) (4 points) Let P2= 1. Find the competitive equilibrium price, P1, and allocations, XA = (x2A, x2A) and XB = (x1B, 2B). = c) (4 points) Now suppose that Person B instead has preferences given by UB(x1,x2) = x1+ 2x2. Find the competitive equilibrium price, P1, and allocations, XA = (x24, x2A) and XB = (x1B, 2B) in this case. X2 X 7