Economics 321 : Fall 2015 Helen Schneider Problem Set 1 DUE : WEDNESDAY SEPTEMBER 16 AME It . ( 5 points each ) . Indicate whether each of the following statements is true , false or uncertain , and plain your answer . Your grade will depend primarily on the quality of your explanation In the Edgeworth box below , point Cis Pareto efficient and therefore it is preferred to point D by both Ann and Bill B