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Author Question: At a given point in time, the Rawlsian welfare function gives equal weight to each individual's ... (Read 74 times)

eruditmonkey@yahoo.com

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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.


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AISCAMPING

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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

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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