If a government used the second-best consumption possibility frontier as if it were the appropriate utility possibility

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If a government used the second-best consumption possibility frontier as if it were the appropriate utility possibility frontier, would it redistribute too much or too little relative to what it would do if it could measure utilities?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 06, 2024 08:00 AM

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If a government used the second-best consumption possibility frontier as if it were the appropriate utility possibility

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Microeconomics An Intuitive Approach With Calculus

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