Alex is selfish, Greg is altruistic, and both have the same income level. If income is on the vertical axis and charity expenditure in on the horizontal axis. use the indifference curve framework with well-behaved preferences to show the effect of a forced charity on both person’s utility optimization.
Alex is selfish, Greg is altruistic, and both have the same income level. If income is on the vertical axis and charity expenditure in on the horizontal axis. use the indifference curve framework with well-behaved preferences to show the effect of a forced charity on both person’s utility optimization.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Alex is selfish, Greg is altruistic, and both have the same income level. If income is on the vertical axis and charity expenditure in on the horizontal axis.
use the
indifference curve framework with well-behaved preferences to show the effect of a forced charity on both person’s utility optimization.
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