Question: IR AND PE ALLOCATIONS #5 1. Alois's utility function is given by u(x, y) = x + y, while Bengt's utility function is u (x

 IR AND PE ALLOCATIONS #5 1. Alois's utility function is given

by u"(x", y") = x" + y", while Bengt's utility function is

IR AND PE ALLOCATIONS #5 1. Alois's utility function is given by u"(x", y") = x" + y", while Bengt's utility function is u (x , y') =y. Their endowments are w" = (4, 1) and w = (2, 3). box below. (a) Draw and clearly label the individually rational allocations in the Edgeworth IP Ob Oa (b) Draw and clearly label ALL Pareto efficient allocations in the Edgeworth box below and explain whether points R and S are Pareto efficient. ya Ob R Oa S

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