Suppose there are two possible income distributions in a society of 10 people. In the first distribution,

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Suppose there are two possible income distributions in a society of 10 people. In the first distribution, nine people have incomes of $30 000 and one person has an income of $10 000.

In the second distribution, all 10 people have incomes of $25 000.

a If the society had the first income distribution, what would be the utilitarian argument for redistributing income?

b Which income distribution would Rawls consider more equitable? Explain.

c Which income distribution would Nozick consider more equitable? Explain.

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Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

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Question Posted: Nov 02, 2024 04:01 AM

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Suppose there are two possible income distributions in a society of 10 people. In the first distribution,

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Principles Of Microeconomics [Australia And New Zealand Edition]

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