answer.
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
wel
1 month 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:
marusya05 [3.7K]1 month ago
6 0

Response:

Utopolis

a. The social states selected by the Utopolis government are:

Social State  Unemployed  Workers  Retirees

A                              12             50              10

D                               1              40                1

The rationale behind selecting these social states is that A and D lessen the government's difficulty in overseeing unemployment and pension disbursements to retirees, in contrast to B and C, which indicate an equal balance of the different subpopulations.

b. The social state enacted will be D. This state is favored by the majority of citizens. A utopian economic condition exists with social state D, unlike the other states.

Clarification:

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
Crumbling asphalt on a busy city thoroughfare has led to potholes deep enough to snap a wheel off an axle. Which of the four mai
harina [3808]
C.) the vehicle (ignore this i need more letters)
8 0
2 months ago
Read 2 more answers
A(n) ________ is defined as a distinct unit within a brand or product line distinguishable by size, price, appearance, or some o
Free_Kalibri [3773]
The answer is stockkeeping unit. Within the context of inventory management, a stockkeeping unit (SKU) refers to a particular item stored in a specific location. SKUs represent the most detailed level in inventory discussions, with the items within a distinct SKU being indistinguishable from one another. The development of the SKU concept has streamlined many inventory control processes. Although SKUs can sometimes pertain to intangible items, such as warranties, this explanation will concentrate on those related to tangible goods.
8 0
2 months ago
A movie theater substantially decreases the price of its soda during the same week that a heavily advertised new movie is being
Katen [3525]

Answer:

Both price and quantity rise

Explanation:

The reduction in soda prices boosts soda demand. As moviegoers typically enjoy popcorn along with their drinks, this spike in soda demand can lead to increased demand for popcorn, thereby raising both its price and quantity.

5 0
2 months ago
Ultra Co. uses a periodic inventory system. The following are inventory transactions for the month of January: 1/1 Beginning inv
soldi70 [3635]

Answer:

$830,000

Explanation:

For the month of January, Ultra Co.'s inventory details are:

Date               Units   Unit total      Cost per unit     Total cost   

January 1             20,000           $260,000       $13        

January 20          30,000           $710,000         $15        

January 23          40,000           $1,390,000       $17      

January 31          (50,000)         ($16.60)    ($830,000)

Ending inventory                     40,000                     $560,000

Applying the last-in, first-out (LIFO) method, COGS equals (40,000 units x $17) + (10,000 units x $15) = $680,000 + $150,000 = $830,000.

5 0
2 months ago
Other questions:
  • Rashad consistently went above and beyond to meet his personal deadlines and to help other team members to ensure a recent produ
    10·1 answer
  • One of the most challenging tasks for any firm, including In Fine Fettle, is determining how much to spend on promotion. Four ba
    9·1 answer
  • An open economy interacts with the rest of the world through its involvement in world markets for goods and services and world f
    11·1 answer
  • On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): (FV of $
    14·1 answer
  • ​laura and alan are a married couple with three small children. alan earns $60,000 a year, but laura has no earned income. what
    13·1 answer
  • Lacy hired richard to paint her house. richard took too many jobs and realized that he did not have time to complete them all, s
    13·1 answer
  • Marcus is the owner of four Pizza Pizzazz restaurants in Santa Fe. Although the employee selection and training aspects of his b
    6·1 answer
  • DeKalb Company made a loan of $6,000 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate o
    14·2 answers
  • Suppose sellers of liquor are required to send $1.00 to the government for every bottle of liquor they sell. Further, suppose th
    9·2 answers
  • Taylor Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's s
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!