--%>

Demonstrates the Lorenz Curve

This given figure demonstrates as: (w) Lorenz curve. (x) familial income distribution graph. (y) Gini curve. (z) Blanc income standard curve.

1637_Lorenz Curve Problem.png

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : What is change in quantity demanded

    Change in quantity demanded: When change in demand takes place due to price alone, it is termed as change in quantity demanded.

  • Q : Problem on Consumer Sovereignty The

    The phrase ‘dollar votes’ refers to the consumers: (1) Voting patterns in the national elections. (2) Recognizing what goods are produced. (3) Each containing an equivalent says about what is generated. (4) Being subservient to big firms.

    Q : About greatest economy Does Europe and-

    Does Europe and- USA or China have the greatest economy?

  • Q : Monopolistic Competition Monopolistic

    Monopolistic Competition: Monopolistic competition, as the name itself entails, is a blending of monopoly and competition. The monopolistic competition refers to the

  • Q : LEAST dependency Demands for labor

    Demands for labor depend LEAST upon the levels of: (w) labor productivity. (x) technology as well as amounts of other resources employed. (y) demand for final products. (z) trade off among work (creating income) and leisure.

    Q : Area below supply curve of resource The

    The area below a resource’s price line although above its supply curve is: (w) consumer surplus. (x) monopoly profit. (y) excess value. (z) economic rent. Can anybody suggest me the proper explanation for giv

  • Q : Change in response in determinants of

    In short run, the demand for mink coats is least probable to change in response to: (i) Development of the petroleum based faux fur fabric which can’t be differentiated from genuine mink except via DNA analysis. (ii) Armies of a

  • Q : Social welfare function What do you

    What do you mean by a social welfare function? If you assume that such a function exists, what properties of social optima would be considered by you? Discuss such properties.

  • Q : Marginal revenue of purely competitive

    When boosting output by hundred units raises total revenue by $1200, in that case a purely competitive firm’s marginal revenue the same as: (w) $1,200. (x) $120. (y) $12. (z) $120,000. I need a good answer on

  • Q : Classified industries as oligopolistic

    Industries which would be classified as oligopolistic comprise: (w) public utilities. (x) postal service. (y) breakfast cereal. (z) retailing. Hello guys I want your advice. Please recommend some views for above