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 180 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 most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

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

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Species-rich Sonoran Desert landscape. Species-rich Sonoran Desert landscape.
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Contact theory indicates that prejudice decreases and relations improve when individuals of ... Contact theory indicates that prejudice decreases and relations improve when individuals of ...
An engine will not run if the air–fuel mixture is either too rich or too lean. An engine will not run if the air–fuel mixture is either too rich or too lean.
An injector imbalance can cause a lean or a rich misfire. An injector imbalance can cause a lean or a rich misfire.
Video: Neurotransmission at chemical synapses & Excitory and inhibitory potentials

For a complete list of videos, visit our video library