Question 2 1 Point Pareto efficiency is A an allocation of resources such that no one can be made better off without hurting someone else. an allocation of resources such that any reallocation makes at least one person worse off. an allocation of resources such that the utility of each person cannot be higher unless the utility of some person is reduced All of the above. 1 Point Question 3 An allocation of resources will be Pareto efficient if the marginal rate of substitution between every pair of goods is the same for all consumers. B the marginal rate of technical substitution between every pair of resources is the same in all industries. each consumer's marginal rate of substitution between every pair of goods is equal to the rate of product transformation between those goods. All of the above