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our are the social planner for a world with three people. There are 8 possible outcomes which give each individual the utility (in "utility") shown in the table below. Outcome A, B, C ,D, E, F, G H Utility of Individual #1: 2 ,13, 15, 13, 3, 14, 4, 12 Utility of Individual #2: 6, 13, 12 ,18, 4, 14, 5, 15 Utility of Individual #3: 24, 11, 3, 5, 17, 12, 18, 5 You like all these individuals, although not necessarily equally. (a) Which outcomes are Pareto E
fficient? Which are not? Explain your reasoning. (b) As an economist, which of the Pareto E
fficient outcomes is the most desirable? Explain. (c) As an economist, would you choose one of the outcomes that is not Pareto E
fficient? Explain. (d
)Suppose the world is initially at an allocation that is not Pareto E
fficient. Will all of the Pareto E
fficient outcomes identi
fiedin part (a) be a Pareto Improvement? Explain