Multiple Choice
If all individuals have identical utility functions and the marginal utility of income decreases as income increases, transferring income ________ will ________ total utility.
A) from the rich to the poor; increase
B) from the rich to the poor; decrease
C) from the rich to the poor; not change
D) from the poor to the rich; not change
Correct Answer:
Verified
Correct Answer:
Verified
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