--%>
Assignment Help - homework help

Use of Loren Curve

A Lorenz curve can be utilized to demonstrate the: (w) functional distribution of income. (x) income necessary to maintain specified living standards. (y) demand for low wage labor. (z) cumulative percentage of income received by cumulative percentages of households.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Problem on demand for sport utility

    Can someone help me in finding out the right answer from the given options that the demand for sport utility vehicles is most probable to decline in response to main rises in: (1) Consumer’s income. (2) The number of consumers. (3) Relative prices for pickups an

    		•
  • Q : External costs and external benefits

    Question: (a)         Explain the impact of external costs and external benefits on resource allocation; (b)     

    		•
  • Q : Problem onto market circular flows In

    In output markets, the simple circular flow model, households replace their _________ for _________.Can someone help me in determining the right answer from the given options. (1) Resources | income. (2) Labor | goods. (3) Income | goods. (4) Go

    		•
  • Q : Problem on price elasticity and total

    A) Use the table below to draw graphs that show the relationship between price elasticity of demand and total revenue. <

    		•
  • Q : Problem on price level-real domestic

    Refer to the below diagram. Give me answer of this question. If equilibrium real output is Q2, then: A) aggregate demand is AD1. B) the equilibrium price level is P1. C) producers will supply output level Q1. D) the equili

    		•
  • Q : Properties of indifference curves

    Properties of indifference curves: The 3 properties of indifference curves are as shown below:A) Slopes downward from left to right: To consume more of onegood the consumer should give up li

    		•
  • Q : Labor adds uniformly to total revenue

    The entire profit maximizing firm will appoint more labor up to the point where: (i) Average physical product of the labor equivalents the nominal wage. (ii) Last unit of the labor adds up equally to net revenue and net cost. (iii) Marginal product of the labor is at

    		•
  • Q : Long-run economic losses in a

    Expectations of long-run economic losses within a competitive industry as: (1) inevitably follow “cut throat” pricing policies. (2) cause firms to leave the industry. (3) increase each firm’s long-run fixed costs. (4) create pressure

    		•
  • Q : Problem on I-Proprietorships The

    The business owned and operated by the lone individual is a/an: (i) Unit of labor. (ii) Entrepreneurship. (iii) Corporation. (iv) Sole proprietorship. Can someone please help me in finding out the accurate answer from the above opt

    		•
  • Q : Diminishing Marginal utility principle

    Can someone help me in finding out the right answer from the given options. The experience that your very first kiss with a latest crush was more thrilling and satisfying than your 10th kiss 35 minutes later is an illustration of the: (i) Familiarity principle. (ii) N

    		•