Statement: Equality of income throughout a community is the essential condition for maximising the total utility which the total income available could confer on the members of that community. Assumptions: If extra income were taken from the rich and ?->(Show Answer!)

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1. Statement: Equality of income throughout a community is the essential condition for maximising the total utility which the total income available could confer on the members of that community. Assumptions: If extra income were taken from the rich and given to the poor, the total utility experienced by the community would increase. Equal pay for equal work.

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