May and Noon both like My Little Pony toys and Matchbox cars. Both 3-year-olds are on their U3 indifference curve. Explain why each point would or would not represent a Pareto improvement. 
Definitions:
Daniel Levinson
A psychologist known for his theory on human development, emphasizing stages of adult life involving tasks and crises.
Human Life
The existence of an individual human being, from conception to death, encompassing various aspects such as physical, psychological, and social dimensions.
Archaic
Pertaining to an earlier, more primitive period; often used to describe ancient cultures, languages, or artifacts.
Benefits of Cohabitation
Advantages associated with living together without being married, such as economic savings and enhanced personal intimacy.
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