Problem Regarding to Lorenz Curves

A Lorenz curve is a way to demonstrate: (w) that the U.S. has perfect equality of income distribution. (x) a mirror image of a production-possibility curve. (y) the percentages of families receiving different percentages of income. (z) differences within rates of economic growth.

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Microeconomics

Q : Marginalism and Optimization Most of

Most of the microeconomic models hinge on suppositions that all choices by each and every individual imitate attempts to: (1) Conform to social mores and cultural norms. (2) Propagate the individual’s gene pool into the future generations. (3) B

Q : Total costs incur by profit-maximizing

Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. When total fixed costs (for example, rent and utilities) are $9 per hour, that profit-maximizing monopolist will incur total costs of around: (w) $20 per hour. (x) $27

Q : Features of monopolistic competition

Why Features of monopolistic competition is monopolist in nature? Answer: (a) Control over price (b) Downward sloping demand curve

Q : Stages of production One of my friends

One of my friends can't succeed to get the answer of this question. Give solution of this question. Described the stages of production and in which stage will production occur and why?

Q : Condition of shut down of firm in long

I have a problem in economics on Condition of shut down of firm in long run. Please help me in the following question. Any of the firm will shut down in long run if its: (i) Economic gain doesn’t surpass zero. (ii) Future revenues are not predic

Q : Marginal factor cost The Siberian

The Siberian Software vends custom programs to big multinationals. Its programs are coded in the remote region. In equilibrium, the Siberian faces a marginal factor cost for the programmers of roughly: (1) $21 per hour. (2) $24 per hour. (3) $12 per hour. (4) $18 per

Q : Decrement in opportunity costs and

Opportunity costs and prices tend to be decreased by: (w) competition among speculators and other intermediaries. (x) price floors. (y) the exercise of monopoly power. (z) price ceilings. How can I

Q : Graphical Production Possibilities

Can someone please help me in determining the right answer from the following question. The production possibilities frontier is a graphical device exhibiting the: (i) Alternative allocation methods accessible to society. (ii) Combinations of goods wh

Q : Problem on Minimum Wage Laws The

The Minimum wage legislation is UNLIKELY to aid: (i) Skillful workers who compete with untrained workers. (ii) Untrained workers who don’t lose their jobs. (iii) Buyers of goods which are more capital intensive associative to the buyers of labor intensive goods.

Q : Problem on organizing the business The

The individual who wants to begin up a business, however who not want to risk in losing personal property if the business fails, must organizes the business as: (1) Sole proprietorship. (2) Partnership. (3) Corporation. (4) Unlimited partnership.

Discover Q & A

Leading Solution Library

Avail More Than 1432263 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1924239
Asked

3,689

Active Tutors

1432263

Questions
Answered

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

Submit Assignment