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Author Question: The Rawlsian view of equity would lead to: A) equal allocations of goods across all persons. B) ... (Read 16 times)

Caiter2013

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on: Jul 1, 2018
The Rawlsian view of equity would lead to:
 
  A) equal allocations of goods across all persons.
  B) maximizing the utility of the least-well-off person.
  C) maximizing the total utility of all society members.
  D) none of the above

Question 2

A Cobb-Douglas production function:
 
  A) exhibits constant returns to scale.
  B) exhibits increasing returns to scale.
  C) exhibits decreasing returns to scale.
  D) can exhibit constant, increasing, or decreasing returns to scale.


mmpiza

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


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