According to John Rawls' Modified Utilitarianism,income Should Be Redistributed Until

question 102

Multiple Choice

According to John Rawls' modified utilitarianism,income should be redistributed until

• A)incomes are equal.
• B)opportunities are equal.
• C)the poorest person is as well off as possible.
• D)the poorest person is as well off as possible,after incorporating the costs of income transfers.
• E)the big tradeoff is eliminated.

---

Definitions:

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.

Accumulated Depreciation

The total depreciation expense allocated for a tangible asset over its usage period, reducing its book value.

Replacement Equipment

Items purchased to replace older assets within a business, ensuring operational efficiency and continuity.

Variable Cost Method

A cost accounting method that only applies variable costs to inventory, excluding fixed costs from cost of goods sold calculations.