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2. Consider an economy with three individuals who are identical except for their income: individual 1 has one dollars, individual 2 has two dollars, and individual 3 has three dollars. Let the monetary utility function be U x1/2, where x is the income. If you are a social planner who use a utilitarian social welfare function (see Chapter 2, p55 for a definition) to measure social welfare, will you allow individual 1 to steal one dollar from individual 3?
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If the social welfare function is type of Utilitarian, then the goal of social planner is to maximize the sum of utility of individual people.

3ad person, then maximie The gocial wetjaie fund, Ays

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