This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At a given point in time, the Rawlsian welfare function gives equal weight to each individual's ... (Read 56 times)

eruditmonkey@yahoo.com

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
At a given point in time, the Rawlsian welfare function gives equal weight to each individual's utility.
 
  Indicate whether the statement is true or false

Question 2

In the short run, the expansion path is
 
  A) horizontal.
  B) vertical.
  C) diagonal.
  D) indeterminate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. The Rawlsian welfare function gives a weight of 1 to the utility of the worst-off person and a weight of zero to the utilities of all others.

Answer to Question 2

A


eruditmonkey@yahoo.com

  • Member
  • Posts: 546
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Changes in Earth's atmospheric carbon dioxide levels over geological time. Changes in Earth's atmospheric carbon dioxide levels over geological time.
Brain mass as a function of body mass in mammals. Brain mass as a function of body mass in mammals.
Pituitary gland function Pituitary gland function
The anatomical distortion of the structure of RBCs in sickle cell anemia affects its normal function ... The anatomical distortion of the structure of RBCs in sickle cell anemia affects its normal function ...
Using a digital multimeter to test an oxygen sensor using the MIN/MAX record function of the meter. Using a digital multimeter to test an oxygen sensor using the MIN/MAX record function of the meter.
Metric System: Measure of Weight and Volume Metric System: Measure of Weight and Volume
Video: Homeostasis (range of body conditions, normal limits, mild stresses & severe stresses)

For a complete list of videos, visit our video library