Would it make any sense to say that, since a change in tax policy makes Jorge lose
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Would it make any sense to say that, since a change in tax policy makes Jorge lose utility while Mary and Demitri gain utility, the policy is good if the loss in Jorge’s utility is less than the combined gain in Mary and Demitri’s utilities? How about the other way around—Jorge’s loss of utility is greater than Mary and Demitri’s combined gain?
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Yes it would make sense to say that a change in tax policy is considered good if the loss in Jorges ...View the full answer
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