Explain why every allocation is pareto efficient
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Analyze how the income effect influences food purchases and provide some examples of the income effect that might occur when the price of food rises?
If the FI wants to macrohedge, how many Treasury bond futures contracts does it need?
You are searching for a high wage from a wage distribution that is uniform on the interval (5, 8). What is the smallest wage you should accept?
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Your airplane crashes in the Pacific Ocean. Explain why every allocation is Pareto efficient. Is every allocation fair?
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