Describe the set of pareto optimal allocations for economy, Microeconomics

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Describe the set of pareto optimal allocations for economy

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.

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Microeconomics: Describe the set of pareto optimal allocations for economy

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