Question: 1 Develop two real-world examples for the use of Edgeworth Box diagrams (one involving indifference curves and the other involving isoquants). 2 Interpret what a

1 Develop two real-world examples for the use of Edgeworth Box diagrams (one involving indifference curves and the other involving isoquants).

2 Interpret what a Pareto efficient allocation would mean in the context of one of your examples.

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