In the question given below, there is a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumptions, and decide which of the assumptions is/are implicit in the statement :
Statement :
Equality of income throughout a community is the essential condition for maximizing the total utility which can provide total available income to the members of that community.
Assumptions :
(I) If extra incomes were taken from the rich and given to the poor, the total utility experienced by the community would increase
(II) Equal pay for equal work
1
Only assumption I is implicit
2
Both assumptions I and II are implicit
3
Only assumption II is implicit
4
Neither I nor II is implicit