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The government became concerned with the level of public good production in its country. While it...


The government became concerned with the level of public good production in its country. While it was true that people were not completely free-riding and did purchase some of the public good (as well as some private good), the government wants to impose an income tax of 10 pennies in order to buy five more units of the public good. Using the budget constraint and indifference curve graph to illustrate your answer, show that this plan is unlikely to result in a 5 unit net increase of the public good.

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