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Consider an Edgeworth box economy endowed with one unit of capital and two units of labor....

Consider an Edgeworth box economy endowed with one unit of capital and two units of labor. If the producer of good x has the production function f(K, L) = K + L

And the producer of good y has the production function of f(K, L) = min(K, L)

Which of the following (x, y) allocations are Pareto efficient? (Check all that apply)

  1. (3, 0)

  2. (0, 1/2)

  3. (1, 1)

  4. (0, 1)

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