7. The proof of the theoryproposed by A. P. Lerner that income equality ends up creating the...
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7. The proof of the theory—proposed by A. P. Lerner—
that income equality ends up creating the highest total utility for a society rests on the assumption that
a. no one in the society opposes the income equality outcome.
b. everyone has the same marginal utility curve for money.
c. property is evenly distributed within the society.
d. there are no recipients of privately held income, such as wages, interest, profit, and rent.
e. everyone has the same skills and job opportunities.
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