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Figure 17-4
-Given the social constraint illustrated in Figure 17-4, the redistribution cost associated with perfect equality would, in dollar terms, equal two times the length of AC.

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Use the following to answer questions :
Figure 17-4 
-Given the social constraint illustrated in Figure 17-4, the redistribution cost associated with perfect equality would, in dollar terms, equal two times the length of AC.

Quizplus · Accepted Answer

Without seeing Figure 17-4, the statement's accuracy cannot be directly assessed. However, typically in economic diagrams illustrating redistribution and equality, the cost or effect of redistribution is not simply calculated as "two times the length of AC" without context. Redistribution costs depend on the specific mechanisms of redistribution, the initial distribution of resources, and the efficiency of the redistribution process, none of which can be accurately captured by such a simplified statement.

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