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1. An economy contains two people and two goods, apples and bananas. Both people like both goods, but value them differently. For person 1, 1 apple is exactly equivalent to 2 bananas: she is indifferent between any bundles (a, b) and (a - n, b + 2n), where a is some number of apples, b is some number of bananas, and n is some number). For example, person 1 is equally happy with (a,b) = (10,10) and (5, 20) but prefers both of these to (8, 12). For person 2, 2 apples are exactly equivalent to 1 banana. Which of the allocations below are NOT Pareto Efficient? Choose all that apply and justify your answer. Note, an allocation is not Pareto efficient if there is a possible trade that makes both parties weakly better off. a. Person 1 has all the apples and all the bananas b. Person 1 has all the apples and half the bananas c. Person 1 has 2/3 of the apples and 1/3 of the bananas d. Person 1 has 98 apples and 1 banana (out of 100 apples and 100 bananas) e. All of the above are Pareto Efficient