An Additive Social Welfare Function Would

question 16

Multiple Choice

An additive social welfare function would

• A)sum all individual utilities.
• B)maximize the utility of the person with the minimum utility.
• C)subtract out the utility functions of all people who are unemployed.
• D)add the incomes of the lowest ten percent of income earners.

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Definitions:

Cash Budget

A forecast of cash inflows and outflows over a specified period, used for cash flow management.

Budgeted Disbursements

Projected cash outflows or expenditures planned by a business for a specific period, used in cash flow management.

Desired Balance

The target balance that an individual or organization aims to achieve in their financial account or budget.

Budgeted Receipts

The anticipated revenues or income expected to be received within a specified budget period.