Consider the utility possibility frontier in the accompanying diagram. a. Is point A efficient? Would you describe point A as fair? Why or why not? b. Is point B efficient? c. Is point C better than...

Consider the utility possibility frontier in the accompanying

diagram.

a. Is point A efficient? Would you describe point A as fair?

Why or why not?

b. Is point B efficient?

c. Is point C better than point B? Why or why not?

d. Is point A better than point B? Why or why not?