Adam Makes $25,000 Per Year and Bob Makes $45,000 a Year

question 209

Multiple Choice

Adam makes $25,000 per year and Bob makes $45,000 a year, and they both have the same marginal benefit curve. According to the utilitarian view, if a dollar is transferred from Bob to Adam, then

• A) the change in Adam's marginal benefit plus the change in Bob's marginal benefit is negative.
• B) Adam's marginal benefit increases by more than Bob's marginal benefit decreases.
• C) the change in Adam's marginal benefit plus the change in Bob's marginal benefit equals zero.
• D) Adam's marginal benefit decreases by more than Bob's marginal benefit increases.

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Definitions:

Weber

A German sociologist, Max Weber, known for his theories on the organization of society, including the concept of bureaucratic management and the Protestant Ethic.

Subjective Social Meanings

The perceptions and interpretations that individuals or groups ascribe to social phenomena, which are influenced by their cultural, historical, and personal contexts.

Ideology

A collection of beliefs and values, particularly one that underpins theories and policies in the economic or political realm.

Systems Of Domination

the complex and interconnected societal structures and mechanisms that perpetuate inequality and maintain power dynamics favoring dominant groups over marginalized ones.