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Other Fields Homework Help Economics Topic started by: whatsupgirl16 on Apr 28, 2019



Title: If all individuals have identical utility functions and the marginal utility of income decreases as ...
Post by: whatsupgirl16 on Apr 28, 2019

Question 1.

You and your sister are splitting a pizza. You cut it in half and your sister selects her half first. Thus, you cut it into two equally sized pieces. This is an example of



▸ utilitarian justice.

▸ Rawlsian justice.

▸ communism.

▸ a public good.

Question 2.

If all individuals have identical utility functions and the marginal utility of income decreases as income increases, transferring income ________ will ________ total utility.



▸ from the rich to the poor; increase

▸ from the rich to the poor; decrease

▸ from the rich to the poor; not change

▸ from the poor to the rich; not change


Title: If all individuals have identical utility functions and the marginal utility of income decreases as ...
Post by: rand22 on Apr 28, 2019
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