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2. Suppose that there is an empty apartment in Bloomsbury which UCL owns and is thinking of renting out. There are two families interested in

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2. Suppose that there is an empty apartment in Bloomsbury which UCL owns and is thinking of renting out. There are two families interested in renting the apartment. Family A values the apartment at 1000 per month, while family B values it at 1500 a month. Your friend Bob tells you that he thinks that family A should get the apartment because it is poorer than family B. Is this Pareto efcient? Can you think of a better outcome which does not upset family A? Carefully explain

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