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Ememise i In the country of Bolivia, bread costs 3bs [bolivianos] per loaf and milk costs ribs per gallon.The government has decided to attack poverty
Ememise i In the country of Bolivia, bread costs 3bs [bolivianos] per loaf and milk costs ribs per gallon.The government has decided to attack poverty by guaranteeing 3 loafs of bread and 3 gallons of milk per person per week. Only individuals that cannot afford this bundle qualify. I . Obtain the range of income levels for individuals that qualify for the program. . Assume that the government gives out 3 loafs of bread and 3 gallons of IELllli to all qualifying individuals. Also, assume that people cannot trade the goods they receive om the government.Graph the new budget set for a qualifying individual of your choice. 3. Is it possible that some people end up asking for a salary reduction? 2;. lGraph the budget set you chose in part 1 but now assume that there is a black market for government provided bread and milk {same prices as before}. .5. Determine a cheaper way for the government to implement the guarantee. Graph the new budget set for the individual of part [2:]
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