Refer to the figure below. Calculate the additional cost and benefit of moving from E1 to E*, and the net gain in welfare.
Definitions:
Goodfellas
A critically acclaimed 1990 movie directed by Martin Scorsese, chronicling the life of Henry Hill and his involvement in organized crime.
Martin Scorsese
An American filmmaker known for his impactful movies in the crime and drama genres, and a significant figure in cinema history.
Dreamscape Imagery
Visual elements and motifs used in various forms of media, especially films and literature, that evoke the surreal, abstract nature of dreams.
Nonnarrative Form
A style of film, video, or written work that does not follow the conventional storytelling format, often foregoing linear progression and character development.
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