If a Social Welfare Function Is an Increasing Function of Each

question 9

True/False

If a social welfare function is an increasing function of each person's utility, then every allocation that maximizes this social welfare function must be a Pareto optimum.

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Definitions:

Photosynthetic Organisms

Organisms that are capable of photosynthesis, a process of converting light energy into chemical energy, primarily occurring in plants, algae, and certain bacteria.

Decomposers

Organisms, such as bacteria and fungi, that break down dead organic matter, recycling nutrients back into the ecosystem.

Biogeochemical Cycles

The cycles that involve the movement and transformation of chemicals and elements through biological organisms, geological processes, and chemical processes within ecosystems.

Climate

The long-term pattern of weather in a particular area, including temperature, humidity, wind, and rainfall.