Per Capita Distribution

question 37

Multiple Choice

Per capita distribution

• A) is followed in most states for testate distribution.
• B) is followed in most states for intestate distribution.
• C) bases inheritance rights on proximity of relationship between decedent and heirs.
• D) bases inheritance rights on total number of heirs.

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Definitions:

Income

Financial returns, especially continual, from work or investing activities.

Price of X

The amount of money required to purchase a product or service named X.

Consumption of Y

Represents the amount or volume of good Y that is utilized or consumed over a period.

Utility Function

A mathematical representation that ranks an individual's preferences for various goods and services, aiming to measure their level of satisfaction.