Economics · Taxation Principles and Sacrifice Theories
Match the principles of taxation sacrifice with their correct mathematical formulas (where Y is income, T is tax, and U is utility): Principles: (1) Equal Absolute Sacrifice (2) Equal Proportional Sacrifice (3) Equal Marginal Sacrifice Formulas: (i) dU(Y - T)d(Y - T) is the same for all (ii) U(Y) - U(Y - T) is the same for all (iii) U(Y) - U(Y - T)U(Y) is the same for all
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(1)-(ii), (2)-(iii), (3)-(i)✓
- 2(1)-(iii), (2)-(i), (3)-(ii)
- 3(1)-(ii), (2)-(i), (3)-(iii)
- 4(1)-(iii), (2)-(ii), (3)-(i)
Correct answer
(1)-(ii), (2)-(iii), (3)-(i)
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