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1. The two goods in the economy F=food and C=clothing. The production possibilities frontier (PPF) is 2F2+4C2=352. la. If food and clothing are produced in fixed proportions so that F=3C, calculate how much food and clothing will be produced. 1b. Audrey and Bill are price taking consumers in a two-person exchange economy. Audrey has FA=4 and CA=2. Audrey's MRSA=3CA/FA and Bill's MRSB=CB/FB. Is the initial allocation Pareto efficient? Calculate and explain