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Old 08-07-2011, 04:01 PM   #380
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bliss point (D6)<br />An optimal combination of PRIVATE and PUBLIC GOODS. This combination is derived from a SOCIAL WELFARE FUNCTION. In the figure w, w2 and w3 are different social welfare functions, BB is a grand utility maximization frontier, P is the bliss point, Ux and UY are ordinal preference functions and W = W(Ux, Uy) is a social welfare function. At the bliss point P, social welfare is at a maximum because BB touches the highest welfare function contour.

<strong>MLN</strong> – Missouri Learners' Network, an organization that shares information, promotes educational opportunities provided by Missouri schools, and refers students to participating institutions for educational programs, courses, and learner services.

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