If the social welfare function has the form W = min (u1, u2), the combination of utilities that is the most efficient allocation between individual 1 and individual 2
a. is an even distribution of goods and services between the individuals.
b. will be at the point that maximizes the minimum utility of the two individuals.
c. will be on one axis or another, depending on which individual has the lowest utility function.
d. is that point where the utility possibilities frontier is farthest from the origin.
b. will be at the point that maximizes the minimum utility of the two individuals.
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Indicate whether the statement is true or false
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