(Table: Utility Outcomes) Using the Rawlsian Social Welfare Function, Rank

question 88

Multiple Choice

(Table: Utility Outcomes) Using the Rawlsian social welfare function, rank the utility outcomes from the most to least desirable.

• A) outcome A, outcome B, outcome C
• B) outcome B, outcome C, outcome A
• C) outcome A, outcome C, outcome B
• D) outcome C, outcome A, outcome B

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Definitions:

Nearest Cent

The process of adjusting a monetary amount to the closest one-hundredth of the currency unit, typically a dollar.

Four-Figure Accuracy

A measurement precision indicating that a value is accurate to the nearest thousand, often important in geographical locations or scientific measurements.

Simple Interest

Interest calculated merely on the primary sum, or on the part of the primary sum that remains unsettled.

Nearest Cent

Rounding an amount to the closest cent, often used in financial transactions to ensure accuracy.