Environmental Sciences, asked by aaravbohra7842, 9 months ago

An economy has 10 slave owners and 500 slaves. Explain insution of slavery is pareto optimal in this case

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Answered by Anonymous

Answer:

Soltow reports that the average Total Estate in the South in 1860 was $3978, as compared to just $2040 in the North. Given that the average slave price in 1860 was $800, if Southern wealth was exclusively slaves, that amount would equate to just over 5 slaves.

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