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Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :nStatement : Equality of income throughout a community is the essential condition for maximizing the total utility which the total income available could confer on the members of that community. Assumptions :nI. If extra income were taken from the rich and given to the poor, the total utility experienced by the community would increase.nII. Equal pay for equal work.

A. Only assumption I is implicit
B. Only assumption II is implicit
C. Either I or II is implicit
D. Neither I nor II is implicit
Answer» B. Only assumption II is implicit


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