Question: ( b ) Now suppose that both individuals have concave utility in money, with uA ( x ) = ln ( xA ) and uB

(b) Now suppose that both individuals have concave utility in money, with uA(x)= ln(xA) and uB(x)= ln(xB), where ln(.) is the natural logarithm function. Recall that d dx ln(x)=1 x . i. What are all the Pareto efficient allocations in X?

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