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For the next three questions, assume in a pure exchange economy, Anna (A) and Bob (B) trade fish (F) and cheese (C). There is one
For the next three questions, assume in a pure exchange economy, Anna (A) and Bob (B) trade fish (F) and cheese (C). There is one unit of fish and one unit of cheese available. Anna's utility function is UA= F2C. Bob's utility function is UB= FC2.Is this allocation Pareto efficient? {(FA;CA), (FB;CB)}={(1, 1); (0, 0)}
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