An Additive Social Welfare Function Would

question 12

Multiple Choice

An additive social welfare function would

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

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Definitions:

Recursive Algorithm

An algorithm that solves a problem by repeatedly calling itself with modified parameters until a base condition is met.

Tower Of Hanoi

A mathematical puzzle consisting of three rods and a number of disks of different sizes which need to be moved from one rod to another under specific rules.

Years

Units of time representing a period of approximately 365 days or 12 months, used to measure duration or age.

Third Fibonacci Number

The third Fibonacci number is 2, part of the sequence where each number is the sum of the two preceding ones, starting from 0 and 1.