=+d. If it costs the same to achieve a $1 increase in everyones income through education investments
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=+d. If it costs the same to achieve a $1 increase in everyone’s income through education investments as it costs to achieve a $1 reduction in the expected consumption level of a life of crime, which policy is more cost effective at reducing crime given we started with an already high d.
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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