=+f. Now suppose that you are analyzing two separate communities that fund their equally sized schools from
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=+f. Now suppose that you are analyzing two separate communities that fund their equally sized schools from tax contributions by voters in each school district. They face the same production technology, but the willingness to pay for marginal improvements in a is lower in community 1 than in community 2 at every production plan. Illustrate how the isoprofit maps differ for the two communities.
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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