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pls be with all the steps and in a clean write 3. (10 pts) Suppose that there are two people Sandy and Jeff sharing a

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pls be with all the steps and in a clean write

3. (10 pts) Suppose that there are two people Sandy and Jeff sharing a fixed income of $250. For Sandy and Jeff total utility of income is TU(Is)=30013-31and TU(I))=30015- 21, respectively. First initial income is distributed equally between Sandy and Jeff. What is the optimal distribution of income in order to maximize society's welfare

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