The Below Table Shows the Average Utility (In Utils) Obtained

question 43

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-According to the law of diminishing utility, _____.

• A)the same tax rate should be applied to every dollar
• B)the rich people should have a lower tax rate as compared to poor people
• C)the rich people should have a higher tax rate as compared to poor people
• D)the total burden on the society from a tax will be less if proportional taxation is used
• E)the poorer people should not be taxed at all

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Definitions:

Decimal Places

Refers to the number of digits shown to the right of the decimal point in numerical values, affecting how precisely numbers are represented.

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Field Size

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