Question
SOCIETY RED BLUE GREEN A 100 100 100 B 150 100 50 C 600 600 99 D 1096 102 101 Refer to the table above
SOCIETY RED BLUE GREEN
A 100 100 100
B 150 100 50
C 600 600 99
D 1096 102 101
Refer to the table above which shows the incomes for three individuals (Red, Blue, and Green) in four different societies (A, B, C, D). Rank these societies from best to worst from a utilitarian standpoint assuming the societal utility function is given by
U = ln(Red Income) + ln(Blue Income) + ln(Green Income) where ln refers to the natural log.
Society A Rank:
Society B Rank:
Society C Rank:
Society D Rank:
Now, rank these societies from best to worst based on Rawls maximin principle.
Society A Rank:
Society B Rank:
Society C Rank:
Society D Rank:
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