Compute Total Social Efficiency (TSE) and Total Social Welfare (TSW), pre- and post-new policy. [Hint: TSE is

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Compute Total Social Efficiency (TSE) and Total Social Welfare (TSW), pre- and post-new policy. [Hint: TSE is to be calculated as a weighted average of incomes; TSW is the weighted average of income (= consumption); TSW is to be calculated as a weighted average of the square root of income (= consumption)]

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Compute Total Social Efficiency (TSE) and Total Social Welfare (TSW), pre- and post-new policy. [Hint: TSE is

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