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Author Question: If the marginal utility of income decreases as income increases, transferring income from the rich ... (Read 94 times)

bb

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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
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Marked as best answer by bb on Apr 19, 2019

macagnavarro

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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.
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bb

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Reply #2 on: Apr 19, 2019
Thank you!


macagnavarro

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Reply #3 on: Apr 19, 2019
Always glad to help...


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