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 67 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?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Spirituality increases with age, but there are different patterns for the two genders. Both genders ... Spirituality increases with age, but there are different patterns for the two genders. Both genders ...
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
The number of phenotypic classes in the F2 generation increases as the number of genes controlling t The number of phenotypic classes in the F2 generation increases as the number of genes controlling t
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library