This topic contains a solution. Click here to go to the answer

Author Question: The above figure shows two Lorenz curves. Lorenz curve A shows the distribution of income and Lorenz ... (Read 134 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
The above figure shows two Lorenz curves. Lorenz curve A shows the distribution of income and Lorenz curve B shows the distribution of wealth. Which statement below is CORRECT?
 
  A) The Lorenz curve for wealth shows that wealth is distributed less equally because wealth does not include human capital.
  B) The Lorenz curve for income shows that income is distributed less equally because income does not include income from stocks and bonds.
  C) The Lorenz curves show wealth is greater than income.
  D) The Lorenz curves show income is greater than wealth.

Question 2

The cookie industry in Eatsweetland consists of 15 firms. The industry sales are 80 million per month. The sales of the largest 5 firms are shown in the table below. The rest 10 firms have sales of 3 million each.
 
  What is the four-firm concentration ratio in Eatsweetland's cookie industry? A) 63 percent
  B) 44 percent
  C) 87 percent
  D) 56 percent



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

IRincones

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

A

Answer to Question 2

D




luminitza

  • Member
  • Posts: 555
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Cyanide works by making the human body unable to use oxygen.

For a complete list of videos, visit our video library