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2. Equilibrium Prices in an Endowment Economy A. Assume the representative consumer in the US has utility given by Uus = Xayb And the representative consumer in Mexico has utility given by UM = XayB Recall that both consumers face a budget constraint I = pxX + pyY If the representative US consumer is endowed with the world's supply of X (wx) and the representative Mexican consumer is endowed with the world's supply of Y (wy), find an expression for the price ratio consistent with equilibrium (15 pts) B. Does the price ratio in part A lead to a pareto efficient result? Why or why not? Hint: there are multiple ways to answer this (5 pts)