=+b. Illustrate the optimal consumption of grits with an indifference curve tangent to the aftersubsidy budget. Then
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=+b. Illustrate the optimal consumption of grits with an indifference curve tangent to the aftersubsidy budget. Then illustrate in your graph the amount that the government spends on the subsidy for you. Call this amount S.
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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