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Slide 1 Slide 2 Slide 3 Question 1 Government programs that take money from high-income people and give it to low-income people typically a. improve economic efficiency by…

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Opportunity Cost and Decisions The utility of a consumer is a measure of the satisfaction the consumer derives from consumption of goods and services. An individual’s consumption…

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More from Chapters 1-3 Marginal analysis Today: Government size; Marginal analysis; Empirical tools; Edgeworth boxes Today: Four “mini-lectures” Finish Chapter 1 Introduction…