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

a) Develop two real-world examples for the use of Edgeworth Box diagrams (one involving indifference curves and the other involving isoquants). Interpret what a Pareto efficient allocation would mean in the context of one of your examples. Additionally, using your example, explain what does it mean for an allocation to be Pareto superior to another allocation

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