If Society Chose to Maximize Total Utility Rather Than Minimum

question 440

Multiple Choice

If society chose to maximize total utility rather than minimum utility,

• A)society would achieve perfect income equality.
• B)society would achieve the maximin objective.
• C)its justice would be more utilitarian than Rawlsian.
• D)its justice would be more Rawlsian than utilitarian.

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Definitions:

Limousine

A luxury vehicle driven by a chauffeur, often elongated in form, used for special occasions or services.

Discount Rate

The rate of interest applied to discount future cash flows back to their current value, commonly employed in evaluating investments and planning for capital expenditures.

Salvage Value

The approximated financial return of an asset at the termination of its usefulness.

Operating Costs

Expenses associated with the day-to-day functioning of a business, excluding the cost of goods sold.