Question

sondorcet winner to lose under this rule? Explain. 8. Suppose an economy has two types of people. of the other group have utility of type U2. possibility frontier for this economy. ple. All of one group have utility of type U, and all ype U2. In the table below points AB and clie on the utility Points U, U2 a. Now consider point D, where U1 consider point D, where U, 9 and U, 15. Does point D lie on the utility possibility frontier? ve assume that the utility possibility frontier is concave, does point D lie on the frontier? c. Are there any points on the utility possibility frontier that are Pareto-preferred to Explain. ? a. Which of the four points lies on the highest indifference curve of a utilitarian social welfare function? e. Which of the four points lies on the highest Rawlsian social welfare function?

Answer 1

Date :................................ Solution a) Based on this Utility possibility frontier 2 4 6 8 10 12 14 16 18 not U does frontier lie a) No the on the point utility possibility