Complete equilibrium by distribution of wealth

When the economy was in a complete equilibrium, in that case the distribution of income would be precisely proportional to the distribution of: (a) taxation. (b) inheritance. (c) luck. (d) wealth.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Problem on Horizontal Integration I

I have a problem in economics on Horizontal Integration. Please help me in the following question. McDonalds makes hamburgers at a number of various locations. This is an illustration of a: (i) Horizontally integrated firm. (ii) Monopoly. (iii) Vertic

Q : Workers volunteered to work in purely

Even though workers volunteered to work as "for free", such purely competitive firm would never hire more than: (i) L2 workers. (ii) L3 workers. (iii) L4 workers. (iv) L5 workers. (v) L6 workers.<

Q : Maximizing consumer and adjusts consumer

Can someone help me in finding out the right answer from the given options. Zeus got one million dollars for winning every event in current Olympics. In past, he would have frivolously exhausted his winnings on the lightning bolts, however after studying economics, he

Q : Long-run equilibrium price paid Pure

Pure competitors in a long-run equilibrium are paid a price which: (i) allows recovery of any previous operating losses. (ii) equals MC although exceeds average cost. (iii) maximizes average revenue minus average cost. (iv) equals maximum long run ave

Q : Market hypotheses Efficient market

Efficient market hypotheses:a) Weak-form efficient market hypothesis: It assumes that current stock prices reflect all security market information including the historical sequence of prices, rates of return, trad

Q : Tax on a good tends to make The tax on

The tax on a good tends to make: (i) Inflationary pressure the govt. can disperse by cutting its spending. (ii) The wedge among prices buyers pay and the prices sellers obtain. (iii) Rises in supply from the viewpoint of buyers. (iv) More quick transa

Q : Needs by marginal revenue equals to

A monopolist produces where marginal revenue [MR] equals marginal costs [MC] when it needs to maximize: (i) total revenue. (ii) consumer surplus. (iii) profits. (iv) total revenue, producer surplus and profits. (v) job security.

Q : Firms demand for labor Assume that the

Assume that the international auto industry has become monopolistically competitive and you run a small automaker. The events which would not directly influence your firm’s demand for labor comprise: (i) Sales of your company’s most admired car unexpectedl

Q : Profits predict by structure conduct

When cost structures and market demands were identical for each of the given types of firms, in that case the structure-conduct-performance paradigm would predict the greatest profits for: (1) pure monopolist. (2) price-discriminating monopolist. (3)

Q : Ceiling price problem When the

When the government obliged a ceiling price of P0 on papayas, the market scarcity would correspond to line: (1) ab. (2) cd. (3) ac. (4) bd. (5) ae. </span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1447065 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1933131
Asked

3,689

Active Tutors

1447065

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment