Logical Reasoning

Statement and Assumptions - Expert Level - Discussion Forum

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Statement and Assumptions - Expert Level

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Question 2824
Question 2824 Back to Exercise
Statement :  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 :

I. If extra income were taken from the rich and given to the poor, the total utility experienced by the community would increases.
II. Equal pay for equal work.
A If only assumption I is implicit Correct
B If only assumption II is implicit
C If either I or II is implicit
D If neither I nor II is implicit
E If both I and II are implicit
Correct Answer: Option A

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