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ua (xa) = min (​​2x​1​a​,x2a​,x3​a​) endowment ​​ (2,2,2) ​ ub (xb) = min (x1b, 2x2​b​, x​3​b​)...

ua (xa) = min (​​2x​1​a​,x2a​,x3​a​) endowment ​​ (2,2,2) ​ ub (xb) = min (x1b, 2x2​b​, x​3​b​) endowment (2,2,2) u​c (xc) = min (x​1c,x2c, 2x3c​) endowmwnt (2,2,2) (note 2x​1 means 2 times good x1​)

consider the following exchange economy with three consumers (a b c) and the following goods (1, 2 and 3)    (a) calculate each consumers level of utility at the autarkic allocation    (b) show that the autarkic allocation is NOT pareto efficient by identifying another FEASIBLE allocation that Pareto dominates autarky. ( be sure to demonstrate that the identified allocation is both feasible and pareto dominates autarky).

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