1. If Judy earned more than Warren, show how much income she would redistribute to him if...
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1. If Judy earned more than Warren, show how much income she would redistribute to him if (a) she cared somewhat for him; (b) she loved him ‘as herself’. Draw her indifference curve in each of these two cases.
2. In the case where they both love each other ‘as themselves’, will their two sets of indifference curves be identical?
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1 Assuming that their joint income remained the same as before ie that Judy earned more b...View the full answer
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