« previous next »

Author Question: According to the table above, ________ percent of total income is redistributed to the lowest income ... (Read 180 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
on: Jun 29, 2018
According to the table above, ________ percent of total income is redistributed to the lowest income group.
 
  A) 4.7
  B) 2.3
  C) 1.5
  D) 3.8

Question 2

When do new firms enter a perfectly competitive market? When does entry stop?
 
  What will be an ideal response?


kescobar@64

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

New firms enter a perfectly competitive market as long as the existing firms are making an economic profit. Essentially the new firms enter in order to make an economic profit themselves. Entry stops when it is no longer possible to make an economic profit, which occurs when the existing firms are earning zero economic profit, that is, the owners are earning a normal profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Selected Complications of Total Parenteral Nutrition Selected Complications of Total Parenteral Nutrition
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Periodic table of the elements Periodic table of the elements
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Total parenteral nutrition through a catheter in the right subclavian Total parenteral nutrition through a catheter in the right subclavian
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library