Let us assure that the government wants to provide adequate nutrition to the families so that each family is able to afford 250 pounds of meat per year. This can be done by transferring income to the families by the government.

By using the information in the picture, compute the cost of this program.

3. Suppose the following information is true for country A: a. Average annual income b. Average consumption of meat: c. Estimated income elasticity of demand: d. Average price per pound of meat: e. Population composed of one million families $6,500 per family 200 pounds 10 $1.00 Eilie en that