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c. Let Jason's preferences match the graph in b. above. Assume Jason is currently consuming at the point (3,10). Jason is not bothered by the

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c. Let Jason's preferences match the graph in b. above. Assume Jason is currently consuming at the point (3,10). Jason is not bothered by the pollution caused by consuming polluto-burgers. However, the rest of society actively dislikes pollution. Suppose the government reallocated resources such that Jason consumes at the point (3,5) instead of (3,10). Does Jason weakly prefer, strictly prefer, or is indifferent between (3,5) and (3,10)? Is this reallocation a pareto improvement? Explain why or why not. 7. Mary has unusual preferences in which she only cares about winning an eating contest. The rules of the contest are such that the judges note how many tacos and burgers each contestant eats and then ranks the contestant based on the highest number of either tacos or burgers. That is, if the contestant eats more tacos than burgers their rank in the contest is based on the number of tacos they have eaten. If the contestant has eaten more burgers than tacos their rank in the contest is based on the number of burgers they have eaten. Mary only cares about getting the highest possible rank in the contest. Assume she is currently consuming at (4,2). a. Graph a typical indifference curve that passes through the point (4,2). Draw an arrow showing the direction the indifference curves increase. . Are Mary's preferences montone? Are they convex? Are they weakly convex? C. Suppose Mary is at the point (4,2) would she trade one burger for one taco? Would she trade one taco for one burger? What are the exchanges that would leave marry indifferent between the new consumption bundle and her current level of consumption

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