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We take one dollar from a millionaire and give it to a pauper. Assuming a diminishing marginal utility of money, total utility in the economy
We take one dollar from a millionaire and give it to a pauper. Assuming a diminishing marginal utility of money, total utility in the economy must rise. total utility in the economy must fall. O total utility in the economy must remain the same. we cannot say whether or not total utility changes
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