A function that converts utility levels for all members of society into a number, in such a way that the welfare function gives higher values for distributions of utility that are more socially desirable, and vice-versa is called?

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Individual Compensation Function

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Individual Welfare Function

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Social Compensation Function

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Social Welfare Function

1.	A function that converts utility levels for all members of society into a number, in such a way that the welfare function gives higher values for distributions of utility that are more socially desirable, and vice-versa is called?
A.	Individual Welfare Function
B.	Social Compensation Function
C.	Social Welfare Function
D.	Individual Compensation Function
Answer» D. Individual Compensation Function

A function that converts utility levels for all members of society into a number, in such a way that the welfare function gives higher values for distributions of utility that are more socially desirable, and vice-versa is called?

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