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Author Question: Of age, marital status, family size, education, and race, which is the single biggest factor ... (Read 83 times)

rmenurse

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on: Jun 29, 2018
Of age, marital status, family size, education, and race, which is the single biggest factor affecting the household income distribution?
 
  What will be an ideal response?

Question 2

If an average cost pricing rule is imposed on the natural monopoly shown in the figure above, then consumer surplus will be
 
  A) 0.
  B) 8 million.
  C) 9 million.
  D) 16 million.


jharrington11

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The single most important factor affecting the distribution of income is education, with more highly educated people earning significantly more than less-educated people.

Answer to Question 2

C


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