Multiple Choice
Bill Gates is the world's second richest person whose net worth is estimated at $54 billion. The idea that Bill Gates marginal utility for his 54 billionth dollar is less than someone else's 1000th dollar is the
A) "Utilitarian" principle.
B) "Big Tradeoff" principle.
C) "Make the Poorest as Well Off as Possible" principle.
D) "Equity" principle.
Correct Answer:
Verified
Correct Answer:
Verified
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