Question

The federal government wants to support education but must not support religion. To this end, it gives the University of Notre Dame $2 million with the stipulation that this money be used for secular purposes only. The accompanying graph shows Notre Dame’s pre-federal-gift budget constraint and best attainable indifference curve over secular and non-secular expenditures. How would the university’s welfare differ if the gift came without the secular- userestriction?


$1.99
Sales0
Views60
Comments0
  • CreatedDecember 12, 2014
  • Files Included
Post your question
5000