The utility possibility frontier for two individuals is given by
UA + 2UB
= 200.
On the graph paper provided, plot the utility
possibility frontier.
Based on the function W
(UA, UB)
=max{UA,
UB} on the utility possibility frontier in
part (a), in order to maximize a Nietzschean social welfare
function, what should be the values of
UA and
UB?
If we use a Rawlsian criterion, W
(UA, UB)
=min{UA,
UB}, in order to maximize the social
welfare function, what...