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 Content hidden
|