Explain diagrammatically the impact of efficient number of gifts that a gift giver gives to a gift recipients when the marginal cost of giving gift declines.

Question

Evaluate the argument that as alternative methods of raising the welfare of a target group of consumers, an unconditional cash transfer is more effective than any type of in-kind transfer.

Answer 1

Question

Chapter 20, Problem 1WNG

To determine

Explain diagrammatically the impact of efficient number of gifts that a gift giver gives to a gift recipients when the marginal cost of giving gift declines.

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