This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the marginal utility of income decreases as income increases, transferring income from the rich ... (Read 166 times)

bb

  • Hero Member
  • *****
  • Posts: 544
on: Apr 19, 2019

Question 1

According to utilitarian justice, the redistribution of income from the rich to the poor causes


◦ the rich to sacrifice a lot and the poor to gain a little.
◦ the marginal utility of both the rich and the poor to increase.
◦ the marginal utility of both the rich and the poor to decrease.
◦ an increase in total utility because of the law of decreasing marginal utility.

Question 2

If the marginal utility of income decreases as income increases, transferring income from the rich to the poor will


◦ increase total utility.
◦ decrease total utility.
◦ not change total utility.
◦ increase marginal utility, but not change total utility.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bb on Apr 19, 2019

macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


bb

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: Apr 19, 2019
Thank you!


macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Store vitamin B–rich whole-wheat flour in an airtight container in your refrigerator or freezer Store vitamin B–rich whole-wheat flour in an airtight container in your refrigerator or freezer
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
The heart and its major blood vessels. Oxygen-rich blood is pumped from the lungs to the left The heart and its major blood vessels. Oxygen-rich blood is pumped from the lungs to the left
Video: How to make cDNA Animation

For a complete list of videos, visit our video library