May and Noon both like My Little Pony toys and Matchbox cars. Both 3-year-olds are on their U₃ indifference curve. Explain why each point would or would not represent a Pareto improvement.

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The Answer of May and Noon both like My Little Pony toys and Matchbox cars. Both 3-year-olds are on their U₃ indifference curve. Explain why each point would or would not represent a Pareto improvement.

May and Noon Both Like My Little Pony Toys and Matchbox