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Consider a simple economy in which there are only two consumers - Ann and Bill -...

Consider a simple economy in which there are only two consumers - Ann and Bill - and two goods, food and clothing. Suppose there is a total of 100 units of food and a total of 200 units of clothing. Ann’s endowment is 70 units of clothing and 75 units of food, while Bill’s endowment is 130 units of clothing and 25 units of food. Please use Edgeworth box to present this economy and point out the intial endowment of Ann and Bill.

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