MCQOPTIONS
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| 1. |
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. | Only assumption I is implicit |
| B. | Only assumption II is implicit |
| C. | Either I or II is implicit |
| D. | Neither I nor II is implicit |
| E. | Both I and II are implicit |
| Answer» B. Only assumption II is implicit | |