In the city of Metropolis, there are 100 residents, each of whom lives until age 75. Residents
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In the city of Metropolis, there are 100 residents, each of whom lives until age 75.
Residents of Metropolis have the following incomes over their lifetime: Through age 14, they earn nothing. From age 15 until age 29, they earn 200 metros (the currency of Metropolis) per year. From age 30 to age 49, they earn 400 metros.
From age 50 to age 64, they earn 300 metros. Finally, at age 65 they retire and are paid a pension of 100 metros per year until they die at age
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