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1. Efficiency and Tariffs: Below is a chart that compares current policy utility regarding condensed milk with three alternatives a) Which policy option(s), if any, would be Pareto efficient shifts, why? b) Which policy option(s), if any, would be most (additive)utilitarian, why? c) Which policy option(s), if any, would best satisfy Rawlsian notions of justice, why? d) Which policy option(s), if any, would best satisfy those espousing a multiplicative utility function, why might this option be justified? e) Why might a policy maker choose the tariff increase option? Utility Consumers Domestic Producers Foreign Producers Current System Free Trade Tariff Increase Tariff Decrease 4 4 6

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time a) all policy options a9(e taheto ebement, b(OR Moving one gyseu produces5) og made better off, the other made woose ep at a Couto Consumes, du ade8+248 -18 max gelect thi 寸 eff 亻na.ease . Suǐ-3t943 = 13 le. Max the Mhỉmum payoff Syste 6) Raw Isian ザkuu , go fins- Poer ade Q. 3 4 d) Now mutiplicative, e) inibb个option驫dus tiRed , Bcoa domestic pao due ese gek ainst oreign Cowpehthon-

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