A social welfare function
A) is a function made by the Department of Welfare.
B) is a function that shows that the utilities of society are incorporated into society's well-being.
C) can never be derived numerically.
D) all of these answer options are correct.

Question

Quizplus · Accepted Answer

A social welfare function is a tool used in economics to assess the well-being of an entire society. It is a mathematical function that aggregates individual preferences or utilities into a single measure of social welfare. Therefore, choice B is correct, as it describes what a social welfare function is. Choices A and C are incorrect, as a social welfare function is not created by the Department of Welfare and can be derived numerically. Choice D is also incorrect, as only choice B is correct.

A Social Welfare Function