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For the next three questions, suppose that Arya considers one apple to trade off for four bananas and Bran considers an apple totrade off for
For the next three questions, suppose that Arya considers one apple to trade off for four bananas and Bran considers an apple totrade off for three bananas.If Bran gives Arya an apple in exchange for 3.5 bananas,
1. Is Branbetter off, worse off, or the same?
2. Is Arya better off, worse off, or the same?
3. Does this exchange represent a Pareto improvement?
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