Author Question: Employing utilitarianism as a measure of the public interest _____. a. is inconsistent with the ... (Read 300 times)

sheilaspns

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Employing utilitarianism as a measure of the public interest _____.
 
  a. is inconsistent with the concept of a social welfare function
  b. attempts to minimize the problems associated with market failure
  c. attempts to maximize total utility in a society
   d. avoids comparing individual's utilities

Question 2

If the utility function (U) between food (F) and clothing (C) can be represented as U = , the marginal utility of food equals
 
  A) .
  B) .
  C) 1/2 .
  D) 1/2 .



aliotak

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Answer to Question 1

c

Answer to Question 2

C



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