Author Question: A dictator is most likely to A) adopt a Rawlsian social welfare function. B) maximize her own ... (Read 74 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
A dictator is most likely to
 
  A) adopt a Rawlsian social welfare function.
  B) maximize her own utility.
  C) place equal weight on everyone's utility function.
  D) have nontransitive preferences.

Question 2

Economies of scale and Increasing Returns to Scale are the same thing looked at from either the production or cost perspective.
 
  Indicate whether the statement is true or false


joneynes

  • Sr. Member
  • ****
  • Posts: 376
Answer to Question 1

B

Answer to Question 2

False. Increasing returns to scale imply economies of scale but the reverse is not true. A firm can experience economies of scale for other reasons (without increasing returns to scale)



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

For a complete list of videos, visit our video library