Problem
In another economy consumer 1 has no x and 8 units of y and the utility fucntion U(x,y) = x - (1/4)y2. Consumer 2 has 16 units of x and 8 units of y and the utility function U(x,y) = x +2y(1/2). Describe the set of pareto optimal allocations for this economy. Math not required; just intution. If possible, include the Edgeworth box.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.