Social indifference curves are the same as a social welfare function.
A)True
B)False
C)Uncertain

Question

Quizplus · Accepted Answer

Social indifference curves represent the combinations of social outcomes that are equally desirable to society, while a social welfare function is a mathematical function that assigns a value to each possible social outcome. The two concepts are closely related, as the social indifference curves can be derived from the social welfare function.

Social Indifference Curves Are the Same as a Social Welfare