A goal of equality of income can be justified based on the ...

[DyllonKazuo]

A goal of equality of income can be justified based on the utilitarian idea that _____.
 
  a. individuals face diminishing marginal utility of income
  b. social welfare functions are convex to the origin
  c. rich people have more than they every could need
   d. redistribution does not lead to an increased excess burden of taxation

Question 2

A perfect price discriminating monopoly
 
  A) captures all consumer surplus.
  B) creates deadweight loss.
  C) increases market inefficiency.
  D) decreases total welfare.

[mfedorka]

Answer to Question 1

a

Answer to Question 2

A

[DyllonKazuo]

Thanks for the timely response, appreciate it

[ktidd]

Excellent