A)
If the split the peanut bags evenly, then each will get 100 bags.
B)
This is a case of Benthamite social welfare function, which measures social welfare as the total or sum of individual utility.
This function will be maximized when bags are distributed evenly.
Therefore, the distribution will be, Petra will get 100 bags and Oliver will also get 100 bags.
C)
It is called the Rawlsian social welfare function; it will satisfy the social welfare if we can find the find minimum value of utility by allocating given goods.
If we allocate all bags to Petra, he gets utility =
If we allocate all bag to Oliver, he gets utility =
So, here we allocate 200 bags to Oliver and None to Petra.
I 1. Suppose that Petra and Oliver must split 200 peanut bags between them. Petra's utility...
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