Using the figure below, calculate the gain from redistributing $25,000 from those earning $100,000 to those earning
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Using the figure below, calculate the gain from redistributing $25,000 from those earning $100,000 to those earning $50,000. Why do you think that this gain in well-being is smaller than the redistribution in the example in the chapter, which redistributed from someone earning $200,000 to someone earning $20,000? What are some potential problems with this redistribution plan?
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According to the graph the gain in wellbeing from redistributing 25000 from those earning 100000 to those earning 50000 is approximately 02 units on t...View the full answer
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Somshukla Chakraborty
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