question archive Clearly type out your answer to parts (A), (B) and (C)
Clearly type out your answer to parts (A), (B) and (C)
Subject:EconomicsPrice: Bought3
Clearly type out your answer to parts (A), (B) and (C). A community consists of 5 people. Their elected representative wants to maximize a social welfare function that rewards good students.
(A) Given an example of a welfare function that would accomplish the representative's goal.
(B) Would it result in equality?
(C) What is a way to incentivize studying and create more equality?
