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Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y)=2X+YUB(X,Y)=Min(X,Y) The initial endowments are: A:X=5;Y=3 B:X=2;Y=2 the

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Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y)=2X+YUB(X,Y)=Min(X,Y) The initial endowments are: A:X=5;Y=3 B:X=2;Y=2 the initial endowments. Is this initial endowment Pareto Efficient? Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y)=2X+YUB(X,Y)=Min(X,Y) The initial endowments are: A:X=5;Y=3 B:X=2;Y=2 the initial endowments. Is this initial endowment Pareto Efficient

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