1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grigory [225]
3 years ago
6

There are three equally-sized distinct subpopulations in Utopolis: unemployed, workers, and retirees. There are four possible so

cial states which result in different utility levels for the three subpopulations:
Social State Unemployed Workers Retirees
A 12 50 10
B 20 20 20
C 15 15 15
D 1 40 1

a. Which social states might plausibly be chosen by the government of Utopolis? And Why?
b. There is a government election in Utopolis with two candidates: a Rawlsian and a Utilitarian candidate. Each candidate promises to enact one of the social states above. If the majority of citizens elect the candidate, which social state will be enacted?
Business
1 answer:
vladimir2022 [97]3 years ago
6 0

Answer:

Utopolis

a. Social states chosen by the government of Utopolis are:

Social State  Unemployed  Workers  Retirees

A                              12             50              10

D                               1              40                1

The reason for choosing these social states is that the social states of A and D reduce the headache felt by the government in managing unemployment and paying pensions to retirees, unlike the social states of B and C, which have equal numbers of the distinct subpopulations.

b. The enacted social state will be D.  This is the social state preferred by the majority of citizens.  There is a utopian economic condition achieved with social state D unlike with other social states.

Explanation:

a) Data and Calculations:

Utility levels in Utopolis:

Social State  Unemployed  Workers  Retirees

A                              12             50              10

B                             20             20             20

C                             15              15              15

D                               1             40                1

You might be interested in
Jessica submitted to cancel event request form to cancel event she is scheduled to conduct three weeks from today the only adver
postnew [5]

Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

United HealthCare's(UHC) event cancellation reporting rules include:

  • The last advised date for submitting a cancel event request form was no later than six business days before the event in order to ensure that an event is canceled in United Healthcare's event reporting application by the reporting deadline.
  • Except in cases of adverse weather, events must be canceled and reported in the united healthcare event reporting application at least one business day before the event.

Hence, if Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

Learn more about Advertising:

brainly.com/question/14227079

#SPJ1

5 0
2 years ago
The operators of adult bookstores got together and each agreed to contribute $1,000 to a fund for use in lobbying the city counc
san4es73 [151]

Answer:

The operators have not violated the antitrust laws because they are only collaborating to lobby the government

Explanation:

The antitrust law in the U.S. can be described as a group of federal and state government laws enacted to regulate the activities of business firms in order to enhance competition to the advantage of consumers.

The antitrust law aims to collusive activities that suppress trade, any merger and acquisition that would reduce competition, and prevent the the abuse of monopoly power.

Since the activity of the operators of adult bookstores does not fall under what the antitrust law aims to prevent but it is just a collaboration to lobby the government, they have a good defense that they have not violated the antitrust laws.

3 0
3 years ago
The lower the user's switching costs:
JulijaS [17]

Answer:

more intense the competitive pressures posed by substitute products.

Explanation:

The lower the user's switching costs: the more intense the competitive pressures posed by substitute products.

Switching costs can be defined as the cost of a consumer switching from a product to a substitute good.

Therefore when such switching costs are low, it will be easier to switch from one product to another, implying that the competitive pressure from substitute goods are higher.

8 0
3 years ago
Read 2 more answers
Which of the following will increase a company’s current liabilities? You may select more than one answer.
vichka [17]

Answer:

A company purchases inventory on credit.

Explanation:

Current liabilities are those that have to be settled within the fiscal year. The statement above does not specify if the credit has to be paid within the fiscal year, but most likely it has to, because inventories do not usually represent a long-term debt.

So under this sceneario, purchasing inventory on credit would represent an increase in the current liabilities of the firm.

8 0
3 years ago
What term means an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of​ u
kirill115 [55]

Answer:

hyperinflation

Explanation:

Hyperinflation is a term in economics that denotes an out-of-control, rise in prices of goods and services . When the inflation rate is rapidly rising, say by more than 50% per month, then it is a case of hyperinflation.

Hence, hyperinflation is an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of​ use.

8 0
3 years ago
Other questions:
  • All else equal, a firm would prefer to have a higher gross margin. <br> a. True <br> b. False
    12·1 answer
  • Alexandra owns a small landscaping business. She hires a​ part-time employee to handle the bookkeeping activities. Which factor
    8·2 answers
  • Assuming that the company has retained earnings of "$86,000", all of which is to be paid out in dividends, and that preferred di
    9·1 answer
  • The forces that make up the external marketing environment of a firm
    7·2 answers
  • Hailey purchased furniture for her living room and spent quite a bit of money. After she purchased it, she started regretting th
    12·1 answer
  • Selvig and Anzer, a military weapons manufacturer, is divided into different organizational units—the S&amp;A Logistics, which h
    15·1 answer
  • Gabriel is writing a proposal on how to improve efficiency at an Amazon distribution center. In order to structure the proposal
    6·1 answer
  • Explain how insurance companies use risk pooling to generate a profit for their
    10·1 answer
  • ________ is an inventory management system that delivers less merchandise on a more frequent basis than in traditional inventory
    13·1 answer
  • An employer hiring in a competitve labor market should hire additional labor as lnog as?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!