Author Question: At a given point in time, the Rawlsian welfare function gives equal weight to each individual's ... (Read 85 times)

eruditmonkey@yahoo.com · **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.

AISCAMPING · **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