Equal Income in Lorenz Curve
When all households have equal incomes, in that case the Lorenz curve would be: (w) zero. (x) a 45 degree line. (y) 1. (z) rectangularly hyperbolic. Hey friends please give your opinion for the problem of Economics that is given above.
When all households have equal incomes, in that case the Lorenz curve would be: (w) zero. (x) a 45 degree line. (y) 1. (z) rectangularly hyperbolic.
Hey friends please give your opinion for the problem of Economics that is given above.
When this monopolistic competitor makes Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above. Q : Freedom of entry-exit in long run Contestable markets and purely competitive markets share the feature of: (w) collusive behavior of huge firms. (x) freedom of entry and exit into the long run. (y) widespread product differentiation. (z) persistent economic profits. Q : Labour economics Imagine Roger is Imagine Roger is contemplating going to school to complete a masters degree in the current period while working part time instead of full time. There are six relevant periods of his work lif, periods t=0,1,2...5. HIs earnings each period if he gets the additional education are given by Yt=100+200t
Contestable markets and purely competitive markets share the feature of: (w) collusive behavior of huge firms. (x) freedom of entry and exit into the long run. (y) widespread product differentiation. (z) persistent economic profits. Q : Labour economics Imagine Roger is Imagine Roger is contemplating going to school to complete a masters degree in the current period while working part time instead of full time. There are six relevant periods of his work lif, periods t=0,1,2...5. HIs earnings each period if he gets the additional education are given by Yt=100+200t
Imagine Roger is contemplating going to school to complete a masters degree in the current period while working part time instead of full time. There are six relevant periods of his work lif, periods t=0,1,2...5. HIs earnings each period if he gets the additional education are given by Yt=100+200t
Can someone help me in finding out the right answer from the given options. Firms which employ workers devoid of needing any form of either dues or union membership are: (i) Agency shops. (ii) Laissez-faire shops. (iii) Closed shops. (iv) Union shops. (v) Open shops.<
I have a problem in economics on Examples of Human Capital. Please help me in the following question. On-the-job training, the college education and leadership skills are all illustrations of (1) Financial capital. (2) Human capital. (3) Economic capi
The labor demand will shift due to the modifications in all of the given except: (1) Prices of other resources. (2) Prices of the output. (3) MPP (4) Salaries. Can someone please help me in finding out the accurate answer from the
When 40 percent of total personal income was received by 20 % of the highest income families, in that case the: (w) income distribution would be perfectly equal. (x) income pattern would be foreign to the U.S. (y) Lorenz curve would be the 45 degree r
Can someone please help me in finding out the accurate answer from the following question. The downward slope of the consumer demand curves for normal goods is partly described by: (i) Income effects. (ii) Diminishing marginal utility. (iii) Substitution effects. (iv)
Can someone help me in finding out the right answer from the given options. The utilitarian philosophy didn’t depend on the supposition that: (i) The greatest good for greatest number is the finest social goal. (ii) Individual utilities can be summed up to measu
Can someone please help me in finding out the accurate answer from the following question. The changes in gasoline prices do not change short-run demands for (1) Bigger versus smaller cars. (2) Gasoline. (3) Alternative forms of the transportation. (4) Batteries, Tire
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