Sign of Lorenz Curves
The Lorenz curve gives an indication of: (w) the poverty rate. (x) dead end poverty. (y) relative poverty. (z) post-transfer poverty. Can someone explain/help me with best solution about problem of Economics...
The Lorenz curve gives an indication of: (w) the poverty rate. (x) dead end poverty. (y) relative poverty. (z) post-transfer poverty.
Can someone explain/help me with best solution about problem of Economics...
(a) Explain the relationship between full employment of resources and full production. (b) Look at the following production possibilities curve illustrating the possibilities in Sluggerville for producing bats and/or p
Assume that you earn an annual salary of $25,000. You too have $10,000 in savings which earns $1,000 per year in interest. Now assume that you quit this job to open your own business and spend all your savings in the latest business. In the primary year, you take in r
I can't get the answer of this question of Engel curve. Help me in determining answer of this question. Describe relationship between the Engel curve and the income effect?
If price ceiling or price floor were removed what is the impact on the economy?
Below the competitive equilibrium output, restricting output will: (w) raise price above the competitive equilibrium price. (x) raise price above the marginal cost of the last unit produced. (y) generate a deadweight efficiency loss from underproducti
If a monopolist’s marginal revenue is zero, then: (1) total revenue is zero. (2) demand is perfectly inelastic. (3) the price of the product exceeds average cost. (4) economic profit is zero. (5) total revenue is maximized. Q : Stream of Present Value of Annual Income The present value of an annual income stream which goes onto forever is: (w) infinite. (x) zero. (y) the annual income multiplied through the interest rate. (z) the annual income divided through the interest rate.
The present value of an annual income stream which goes onto forever is: (w) infinite. (x) zero. (y) the annual income multiplied through the interest rate. (z) the annual income divided through the interest rate.
Pure competitors produce where P is = MC since: (w) their objective is community welfare, not profit. (x) this always allows them excess profits. (y) maximum profit needs that MR = MC. (z) they can set any price they desire Q : Enter or leave the market by resources For a purely competitive industry in the long run: (i) several firms exit hence others may earn more than normal profits. (ii) established firms reap higher profits than newer firms. (iii) all resources are fixed for the industry as an entire. (iv) pe
For a purely competitive industry in the long run: (i) several firms exit hence others may earn more than normal profits. (ii) established firms reap higher profits than newer firms. (iii) all resources are fixed for the industry as an entire. (iv) pe
If APP is at its maximum, then what is the relationship among MPP and APP? Answer: MPP = APP
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