Question: Please help me answer this question, thx Question 7 (8 points) Consider a two consumer, two good economy Assume that both goods are produced, and

Please help me answer this question, thx Question 7 (8 points)

Please help me answer this question, thx

Question 7 (8 points) Consider a two consumer, two good economy Assume that both goods are produced, and that production and consumption are such that MRSA = MRSB > MRTi = MRTi. Given this, which of the following statements is TRUE? 1. The economy satisfies distributive efficiency. 11. The economy satisfies productive efficiency. Ill. Allocation efficiency requires the resources to shift from the production of Y to the production X. Oil only. ONone of the statements are true. Ol and II only. Ol only. OI, II, and Ill

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