Please help me and explain Graphically show and verbally argue that a Walrasian equiblirium in an economy is Pareto efficient as long as preferences are locally non-satiated. How about convexity? ?s it important for this theorem to hold ? Solution Walras Equil.

1. Please help me and explain
Graphically show and verbally argue that a Walrasian equiblirium in an economy is Pareto
efficient as long as preferences are locally non-satiated. How about convexity? ?s it important for
this theorem to hold ?
Solution
Walras Equil