question archive Consider the following welfare function: W = _"- o;U;
Consider the following welfare function: W = _"- o;U;
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Consider the following welfare function: W = _"- o;U;. What sort of welfare function is W ? What restrictions would you put on the of's for this to be a legitimate welfare function ? b. In part a what does U. represent? c.If your goal is to maximize aggregate national welfare, what sort of welfare function would you use? d. What is a Rawlsian welfare function meant to do?
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