Q1 Exchange Economies I Felix's utility is u(x, y) = xy while Maria's utility is u(x, y) = min(x, y). Felix has an initial endowment of (w wy)=(0, 10) and Maria has an endowment of (wy, wy)=(20,5). a) If px = 1, find the equilibrium demand for Felix and Maria for good y in terms of prices. b) If px = 1, find the equilibrium demand for Felix and Maria for good x in terms of Py- c) What is the equilibrium price ratio p = p,/px? Submission Instructions: Submit via LMS (one file, portrait orientation) d) Demonstrate, using the consumers' utility functions, that both consumers have greater utility at the equilibrium allocation relative to the initial endowments. e) Draw the Edgeworth box associated with this problem, clearly labeling the initial endowment, the equilibrium allocation, and including at least one labeled indifference curve for each individual