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Author Question: If all individuals have identical utility functions and the marginal utility of income decreases as ... (Read 79 times)

swpotter12

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on: Apr 19, 2019

Question 1

According to ________, the redistribution of income from the rich to the poor causes an increase in total utility because of the law of decreasing marginal utility.


◦ utilitarian justice
◦ distributional justice
◦ legal precedent
◦ the labor theory of value

Question 2

If all individuals have identical utility functions and the marginal utility of income decreases as income increases, transferring income ________ will ________ total utility.


◦ from the rich to the poor; increase
◦ from the rich to the poor; decrease
◦ from the rich to the poor; not change
◦ from the poor to the rich; not change
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by swpotter12 on Apr 19, 2019

fffftttt

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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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swpotter12

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


fffftttt

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


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