There Are Two Consumers in the Market,Jack and Jane

question 23

Multiple Choice

There are two consumers in the market,Jack and Jane.Each have some coffee and candies (coffee on the horizontal axis) .Jack's MRS of candies for coffee is 3.Jane's MRS of candies for coffee is 3.Which one of the following statements is incorrect?

• A)This allocation is on the contract curve.
• B)This can be a competitive equilibrium.
• C)This allocation is Pareto efficient.
• D)We can reallocate goods so as to make one person better off without harming another.

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Definitions:

Immune Response

The body's defense mechanism against pathogens, including both the innate immune response and the adaptive immune response involving antibodies and white blood cells.

Newborn

Refers to an infant who is within the first few hours to weeks of life.

Lymphocytes

A type of white blood cell that is an essential component of the immune system.

Antigens

Substances that the immune system recognizes as foreign or dangerous, triggering an immune response.