=+f. You should see that, in the new equilibrium, a portion of x2 remains not allocated to

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=+f. You should see that, in the new equilibrium, a portion of x2 remains not allocated to anyone.

This is the amount that is paid in taxes to the government. Draw a new Edgeworth Box that is adjusted on the x2 axes to reflect the fact that some portion of x2 is no longer allocated between the two of us. Then locate the equilibrium allocation point that you derived in your previous graph. Why is this point not efficient?

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