There are three popular types of social welfare functions. Benthamite Social Welfare Function - W (u,, uz, --- UN) = Eu Egalitarian Social Welfare Function - W(u,,uz, -- Un) = E -AE(4- min(u,)) Rawlsian Social Welfare Function - W(u, uz, --- UN) = min(u,) Select two values of A in the Egalitarian Social Welfare Function such that it becomes equivalent to the Benthamite Function and Rawlsian Function respectively. (Note: Make sure that the first value in the option corresponds to Benthamite and second value corresponds to Rawlsian.) ON, 1/N O0,1 01.0 O0.33, 0.67 0.67,0.33

There are three popular types of social welfare functions. Benthamite Social Welfare Function - W (u,, uz, --- UN) = Eu Egalitarian Social Welfare Function - W(u,,uz, -- Un) = E -AE(4- min(u,)) Rawlsian Social Welfare Function - W(u, uz, --- UN) = min(u,) Select two values of A in the Egalitarian Social Welfare Function such that it becomes equivalent to the Benthamite Function and Rawlsian Function respectively. (Note: Make sure that the first value in the option corresponds to Benthamite and second value corresponds to Rawlsian.) ON, 1/N O0,1 01.0 O0.33, 0.67 0.67,0.33

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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