Which One of the Following Is Based on the Idea

question 73

Multiple Choice

Which one of the following is based on the idea that marginal utility of income diminishes as income increases?

• A)Progressive taxation
• B)Capital controls
• C)Minimum wages
• D)Price controls
• E)Employee compensation regulations

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Definitions:

Normal Distribution

is a bell-shaped curve that represents the distribution of many types of data, where most values cluster around a central mean or average.

Frequently Occurring

Events or phenomena that happen often or with regularity within a determined period.

50th Percentile

A statistical measure indicating the value below which 50% of the data points in a data set fall.

Distribution

In statistics, distribution refers to the way in which values of a variable are spread or dispersed across possible values.