Top Posters
Since Sunday
7
6
o
5
b
4
s
3
j
3
b
3
s
3
m
3
B
3
K
3
g
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
tuggy tuggy
wrote...
Go to Answer
Posts: 864
Rep: 0 2
7 years ago
Imagine an economy where the government allocates resources among its citizens. Recently, the government divided $1,000 among ten citizens. The amount each citizen received is displayed in the table below.

Citizen   Amount Received ($)
1   100
2   150
3   50
4   10
5   90
6   200
7   10
8   190
9   20
10   180

a)   The government claims that this is an efficient allocation. Do you agree?
b)   Social workers in the economy criticized the government on the basis of this allocation. What could be the grounds for such criticism?
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 98 times
2 Replies
Replies
Answer verified by a subject expert
losteinlostein
wrote...
#1
Top Poster
Posts: 583
Rep: 31 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 140 words.
1
Only I can change my life. No one can do it for me.

Related Topics

tuggy Author
wrote...
#2
7 years ago
Thanks for helping on my microeconomics tutorial
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1021 People Browsing
 113 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 263
  
 771
  
 317
Your Opinion
Which is the best fuel for late night cramming?
Votes: 146
Previous poll results: How often do you eat-out per week?