Standard of Income Distribution

According to the requirements standard of income distribution: (w) marginal productivity is easily measured. (x) people’s needs are proportional to their marginal products. (y) income must be distributed in proportion to people’s needs. (z) income should be divided equally in between members of society.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

View Complete Question

Related Questions in Microeconomics

Q : Price ceilings causes shortages of a

When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged

Q : Marginal revenue product and marginal

When a monopolist maximizes the profit in a product market, it will: (i) Hire labor till the marginal revenue product equivalents marginal resource cost. (ii) Hire labor till the value of marginal product equivalents marginal resource cost. (iii) Pay a wage equivalent

Q : Managerial economics and good business

please find the attached file (project) and qoute for it. minimus 7 pages required.

Q : Formula for primary deficit What is the

What is the formula for primary deficit? Answer: Primary deficit = fiscal deficit – interest payment.

Q : Diminishing in demand problem When the

When the equilibrium in the figure shown below move from point a to point b, a reduction in demand is experienced merely in the market illustrated in: (1) Panel A. (2) Panel B. (3) Panel C. (4) Panel D.

Q : Shift in the demand for loanable funds

Assume that this market is initially within equilibrium along with a supply of funds consequent to S0 and a demand for loanable funds consequent to I1. When the U.S. Department of the Treasury be

Q : Total cost for monopolistic competitor

Total cost for that monopolistic competitor in shown below figure equals area: (w) 0cbQ. (x) 0deQ + dcbe. (y) 0paQ cpab. (z) All of the above.

Q : Market demands in short run Can someone

Can someone please help me in finding out the accurate answer from the following question. In short run, the market demands are: (1) Stimulated if resource costs increase. (2) Simply estimated employing aggregate data. (3) Positively associated to the

Q : Shifting in market demand curve The

The expectations which proposed new tariffs will be enacted which will raise the future prices and accessibility of digital cameras will: (1) Not affect the present demand for cameras. (2) Cause consumers to move up all along their market demand curve. (3) Not influen

Q : Equilibrium moves market reduce in

When equilibrium moves from point a to point b, the simple market experiencing a reduce in supply is demonstrated within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1457721 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1957629
Asked

3,689

Active Tutors

1457721

Questions
Answered

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

Submit Assignment