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Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :Statement : Equality of income throughout a community is the essential condition for maximizing the total utility which the total income available could confer on the members of that community.Assumptions :I. If extra income were taken from the rich and given to the poor, the total utility experienced by the community would increase.II. Equal pay for equal work.

A. nly assumption I is implicit
B. nly assumption II is implicit
C. ither I or II is implicit
D. either I nor II is implicit
E. oth I and II are implicit
Answer» B. nly assumption II is implicit


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