g In a two-agent economy, agent A has utility function u A(x A 1 , XA 2 ) = x A 1 +x A 2 and agent B has utility function u B(x B 1 , xB 2 ) = max(x B 1 , xB 2 ). Both agent start with an identical endowment of (1/2, 1/2). (a) Describe the exchange economy graphically using Edgeworth box showing the initial endowment position and the indifference curve of both agents. (b) Is the agents’ initial allocation Pareto-efficient? Justify your answer.

Driving would be more pleasant if we didn't have to put up with the bad habits of other drivers. a newspaper reported the results of a valvoline oil company survey of 500 drivers in which the drivers marked their complaints about other drivers. the top complaints turned out to be tailgating, marked by 24% of the respondents; not using turn signals, marked by 19%; being cut off, marked by 15%; other drivers driving too slowly, marked by 12%; and other drivers being inconsiderate marked by 5%.