Intercepts in intuitive terms.

Suppose that a city operates two neighborhood schools, one in the rich

neighborhood and one in the poor neighborhood. The schools are equal

in size and currently have equal budgets. The city receives $10 million

in federal grant money that can be used to supplement the budgets of

the two schools, which are initially identical. For each school, the

average score on a standardized achievement test depends on how

many dollars are allocated to the school. Letting S denote the average

test score and X denote additional spending in millions of dollars, the

relationships between scores and additional spending for the two

schools are as follows:

S poor = 40 + X poor ,

S rich = 45 + 3 X rich .

(a) Plot the above relationships and interpret the differences between

the slopes and intercepts in intuitive terms. Do you think that the difference

in the “ productivity ” of additional educational spending

between rich and poor refl ected in the above formulas is realistic?

(To answer, you might focus on the differences in home life for the

groups and differences in the availability of extra-curricular enrichment

activities.)

(b) Derive and plot the community ’ s transformation curve between

S rich and S poor , remembering that X poor and X rich must sum to 10. Because

of the linear relationship between S and X for each group, the transformation

curve is a straight line. (Hint: You should be able to fi nd the

transformation curve solely by locating its endpoints.)

(c) Find and plot the test scores that would result if the city divided

the grant money equally between the schools.

(d) Find and plot the test scores that would result if the city allocated

the grant money to equalize the scores across schools.

(e) Finally, consider the case in which the community ’ s goal is to maximize

its overall average test score, which equals ( S poor + S rich )/2? How

270 Exercises

should it allocate the grant money? Find the answer by using a diagram

that extends the iso-crime line approach from the chapter. (You will not

get full credit for fi nding the answer by trial-and-error number crunching,

although you are welcome to include such numbers along with

your diagram). Using the results of (a), explain why your answer comes

out the way it does.

(f) What if the coeffi cient of X poor in the above formula had been equal

to 2 and the coeffi cient of X rich had been equal to 1.5? Without drawing

any diagrams or doing any computations, you should be able to tell

how the community would allocate the grant money if its goal were to

maximize the average score. What allocation would it choose?

(g) Suppose the community ’ s social welfare function is (1/5) S poor +

√ S rich . How should the grant money be allocated to maximize this function?

(here, you can crunch some numbers, or use calculus if you like).

Show the solution in your plot and contrast it to that from (c).

Sample Solution