Solved: Suppose you had information on the impact of spending on, Microeconomics

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Suppose you had information on the impact of spending on

Suppose you had information on the impact of spending on public education on the productivity of the labor force. You also have information on how education spending re- duces crime. Finally, you have estimates of how raising extra taxes creates distortions to labor supply. Explain precisely how you would use this sort of information to help determine optimal spending on public education. What extra information would be valuable?

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