This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If all individuals have identical utility functions and the marginal utility of income decreases as ... (Read 153 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by swpotter12 on Apr 19, 2019

fffftttt

  • Sr. Member
  • ****
  • Posts: 322
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


swpotter12

  • Hero Member
  • *****
  • Posts: 527
Reply #2 on: Apr 19, 2019
Thank you!


fffftttt

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

The digestive system: functions of the small intestine and large intestine (colon) The digestive system: functions of the small intestine and large intestine (colon)
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Functions and Properties of Blood Functions and Properties of Blood
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Gas exchange - driving force

For a complete list of videos, visit our video library