--%>
Assignment Help - homework help

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.

   Related Questions in Microeconomics

  • Q : Transaction costs by pure economic rents

    When transaction costs exist, in that case taxes on what appear to be pure economic rents to: (1) pose especially severe problems for economic efficiency. (2) may be inefficient since taxes reduce incentives to put resources to their

    		•
  • Q : Why economic problems occur Why

    Why economic problems occur? Answer: This is due to unlimited or infinite wants and inadequate resources.

    		•
  • Q : Price elasticity of demand I have a

    I have a problem related to price elasticity of demand. The question is illustrated as "After the price of movie tickets rose, I spent less money on movie tickets." What can you infer regarding my price elasticity of demand? 

    		•
  • Q : Relative magnitudes of income effects

    The firm’s wage elasticity of demand for the labor is least influenced by: (1) How much time the firm have to adjust to modifying wages. (2) The proportion of labor’s share of net costs. (3) The ease of replacement between labor and capita

    		•
  • Q : Profit maximization for firm in pure

    Profit maximization for a firm within pure competition arises while: (w) MC = P = MR. (x) MC > MR. (y) AC = P. (z) MC = AC. Can anybody suggest me the proper explanation for given problem regarding Econo

    		•
  • Q : Market demand with market power

    LoCalLoCarbo has turn into the favorite of fad dieters. There in illustrated graph curve B shows: (i) LoCalLoCarbo’s marginal cost curve. (ii) LoCalLoCarbo’s average variable cost curve. (iii) LoCalLoCarbo’s average total cost curve. (iv) the market

    		•
  • Q : Determining national income Suppose an

    Suppose an economy is in equilibrium condition. Its consumption function is C = 300 +0.8Y and investment is 700 find out its national income.

    		•
  • Q : Occurrence of natural barriers to entry

    Natural barriers to entry within a market arise primarily by: (w) strategies by existing firms to discourage the entry of new firms. (x) perfectly inelastic demands for products. (y) the declining cost structure inherent in producing specific goods. (

    		•
  • Q : Exploitation and Competitive Markets

    The removal of exploitation of labor (or wage payments beneath the value to the society of each and every individual worker’s productive contribution) is automatic when business decision makers: (1) Should set wages via collective bargaining agreements by labor

    		•
  • Q : Process of channeling funds from savers

    Financial intermediation is, largely, the process of: (1) lending money out at interest. (2) spending funds faster than revenues are obtained. (3) channeling funds from savers to dissavers, as well as to investors into economic capital. (4) buying and

    		•