Statement Equality of income throughout a community is the essential condition for maximising the to...........

Logical Reasoning(Master ) Statement - Assumptions

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.

Only assumption I is implicit

Only assumption II is implicit

Either I or II is implicit

Neither I nor II is implicit

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Explanation:

The total utility can be maximised by equality of income throughout the community, i.e., by giving extra income from the rich to the poor. So, I is implicit. Also, II pertains to economic right and is not concerned with equality of income throughout the community. So, it is not implicit.