3. a) I prefer to live in Society A because the income levels for all of the people had almost equal. If we observed the other societies had some high fluctuations in incomes. So, I feel to live in society A.
b) After observing all societies, the Society D is worse off compared to the rest of societies. If we observed the Societies A, B and C had some fluctuations of incomes but it has not fewer incomes for the people like Society D. So, society D is the worse off.
c) If the poverty threshold is $1,000 then the poverty rates in each society like as in the below table.
3. (5 pts each) In the table below, consider four societies with four people of differing...
3. (5 pts each) In the table below, consider four societies with four people of differing incomes: Person Society A Society B Society C Society D Person 1 Person 2 Person 3 Person4 1,002 1,001 2.200 1,000 800 600 2,100 1,100 800 600 2,050 850 650 450 998 a) If you had an equal probability of being one of the persons (ie, 25% chance), which society would you prefer to live in? Why? According to Rawl's Maximin principle, which society...
o eeved 600 of uhlity from the hrst ticket, how would this change the optimal utilitarian distribution? 3. (5 pts each) In the table below, consider four societies with four people of differing incomes: Person Society A Society B Society C Society D 2,050 850 650 450 2,100 Person 2 1,0011,000 1,100 Person 3 Person 4 800 600 800 600 998 a) If you had an equal probability of being one of the persons (i.e., 25% chance). which society would...
2. (5 pts each) Suppose the DJ of a radio station has six concert tickets to split between four winners of their annual costume contest. The utility of each consecutive concert ticket for each person is given below (e.g., the first ticket allows the person to go to the concert and the second, third and fourth tickets could be given to their friends) The D.J is a utilitarian. Utility per ticket Mike Jon Trey Page lst 2nd 3rd 4th 555...
2. (5 pts each) One heroic assumption that utilitarians make is that they can actually compare (and measure) happiness and misery across different people. Luckily, parents have this uncanny ability when those people are their kids. In fact, just this past weekend, my friend Kenny and I were trying to figure out how to distribute six cookies among our four boys. Quite a predicament, indeed. Kenny and I are utilitarians, so we made the following table. From this information, answer...