Author Question: A dictator is most likely to A) adopt a Rawlsian social welfare function. B) maximize her own ... (Read 78 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
A dictator is most likely to
 
  A) adopt a Rawlsian social welfare function.
  B) maximize her own utility.
  C) place equal weight on everyone's utility function.
  D) have nontransitive preferences.

Question 2

Economies of scale and Increasing Returns to Scale are the same thing looked at from either the production or cost perspective.
 
  Indicate whether the statement is true or false


joneynes

  • Sr. Member
  • ****
  • Posts: 376
Answer to Question 1

B

Answer to Question 2

False. Increasing returns to scale imply economies of scale but the reverse is not true. A firm can experience economies of scale for other reasons (without increasing returns to scale)



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

For a complete list of videos, visit our video library