Suppose there are two consumers, A and B, and 2 goods, X and Y. The utility functions of each consumer are given by:
UA(X,Y) = MIN(X,2Y)
UB(X,Y) = X + 2Y
The initial endowments are:
A: X = 2; Y = 3
B: X = 6; Y = 1
Using an Edgeworth Box, illustrate the initial endowments by drawing the indifference curve that runs through each consumer's bundle.