Amy and Lela have following preferences for apples, pears and bananas where > means "preferred to." Amy: apple > pear > banana Lela: banana > apple > pear Assume there is one apple, one banana and one pear to divide between Amy and Lela and that they have no other goods. For each of the following allocations, say whether it is (Pareto) efficient or inefficient. 1. Amy gets the apple and the pear and Lela gets the banana [ Select ] ["Efficient", "Inefficient"] 2. Amy gets the banana and Lela gets the apple and the pear [ Select ] ["Efficient", "Inefficient"] 3. Amy gets the pear, apple and banana and Lela gets nothing [ Select ] ["Efficient", "Inefficient"]
Amy and Lela have following preferences for apples, pears and bananas where > means "preferred to."
Amy: apple > pear > banana
Lela: banana > apple > pear
Assume there is one apple, one banana and one pear to divide between Amy and Lela and that they have no other goods. For each of the following allocations, say whether it is (Pareto) efficient or inefficient.
1. Amy gets the apple and the pear and Lela gets the banana [ Select ] ["Efficient", "Inefficient"]
2. Amy gets the banana and Lela gets the apple and the pear [ Select ] ["Efficient", "Inefficient"]
3. Amy gets the pear, apple and banana and Lela gets nothing [ Select ] ["Efficient", "Inefficient"]
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