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The Table Given Below Depicts the Total Utility Derived from the Consumption

Question 67

Multiple Choice

The table given below depicts the total utility derived from the consumption of a good.Table 7.1
The table given below depicts the total utility derived from the consumption of a good.Table 7.1    -Which one of the following is based on the idea that the marginal utility of income diminishes as income increases? A) Progressive taxation B) Capital controls C) Minimum wages D) Price controls E) Employee compensation regulations
-Which one of the following is based on the idea that the marginal utility of income diminishes as income increases?


A) Progressive taxation
B) Capital controls
C) Minimum wages
D) Price controls
E) Employee compensation regulations

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