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tuggy tuggy
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6 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:
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losteinlostein
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tuggy Author
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#2
6 years ago
Thanks for helping on my microeconomics tutorial
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