A social welfare function (SWF) A) depicts the preferences of the pre
A social welfare function (SWF)
A) depicts the preferences of the president of the country.
B) combines various consumers’ utilities to provide a collective ranking of allocations.
C) indicates the choices that are acceptable by most consumers.
D) is the outcome of a majority voting decision rule.
ANSWER
B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.