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Question 2 Draw a diagram and refer to it in your answers. An economy.r has two goods, 3 and y, and two consumers, A and

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Question 2 Draw a diagram and refer to it in your answers. An economy.r has two goods, 3 and y, and two consumers, A and B, described as follows: A: UAR. y) = unies}; 8" = (8. 2)- Bi UB(1.9)= 3y; 88 =(313): (a) Draw the Edg'eworth box for this economy, and explain the shapes of the indifference curves of consumers A and B. {b} Describe the contract curve for this economy. (You should be able to describe the curve trxaactl}.r without having to derive it mathematically). {c} Using a highlighter or a. light coloured pencil, shade in on your diagram the equivalent of the \"lens-shaped area\" within which trade outcomes must lie. {d} Without working out, can you identify the competitive equilibrium for this economy? Explain in a few words

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