Explain the concept of diminishing marginal utility, and describe the role that it plays in the utilitarian argument for the redistribution of income. The following income distribution data are for a country called New Land. Can you design a tax to redistribute the income to achieve a equal income distribution? Quintile Percent Share Lowest 20% 5% Second quintile 10% Third quintile 15% Fourth quintile 30% Highest 20% 40%
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