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Consider a pure exchange Edgeworth box economy with two consumers, A and B.Preferences for each consumer are given byu A (x A ,y A )=x
Consider a pure exchange Edgeworth box economy with two consumers, A and B.Preferences for each consumer are given byuA(xA,yA)=xAyAuB(xB,yB)=xB+1/2yBWhich of the following allocations in the form of(xA,yA,xB,yB)is considerto be Pareto efficient?(check all that apply)
a.(1, 3, 1, 3)
b.(1, 2, 1, 2)
c.(2, 4, 6, 8)
d.(3, 3, 0, 0)
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