[This problem is for readers who know some calculus.] Suppose that there are only two people in society, Mark and Judy, who must split a fixed amount of income of $300. Mark’s utility function is U M and his income is I M . Judy’s utility function is U J and her income is I J . Suppose that

What distribution of the total income between Mark and Judy maximizes social welfare?  L01

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UM=100IM 1/2 and U, = 200 11/ Let the social welfare function be W=U+U,