Question: 4. Assuming no change in a person's tastes, a decrease in the marginal-utilitytoprice ratio for a good the person consumes must be the result of

4. Assuming no change in a person's tastes, a decrease in the marginal-utilitytoprice ratio for a good the person consumes must be the result of a(n) a. increase in the price of the good b. increase in the price of a substitute good c. increase in income (1. decrease in the price of the good e. decrease in the price of a complementary good 5. If one accepts that interpersonal comparisons of utility are reasonable and that there is diminishing marginal utility of money, then a. the poor should be taxed at a higher rate than the rich b. government policy favoring a more equitable distribution of income seems appropriate c. the rich get more enjoyment from their last dollar of income than do the poor d. income taxes should be abolished e. welfare should be abolished
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