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1 A.Define progressive income tax .Briefly create a few numbers to explain it. 1 B.Draw and use a utility function to verbally explain common reasoning
1 A.Defineprogressive income tax.Briefly create a few numbers to explain it.
1 B.Draw and use a utility function to verbally explain common reasoning for progressive income taxes (also known asvertical equity in taxation).
1 C.Draw and use an additional utility function (for another normal good) to verbally explain the flaw in the common defense of progressive income taxes, from part B.
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