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whatsupgirl16 whatsupgirl16
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5 years ago

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
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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rand22rand22
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5 years ago
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whatsupgirl16 Author
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5 years ago
Smart ... Thanks!
gmiannotti
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Yesterday
Helped a lot
Ctownsend
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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