Author Question: The distribution of income in the United States is characterized by the following relationship ... (Read 73 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
The distribution of income in the United States is characterized by the following relationship between the mean, median, and mode incomes
 
  A) mean income < median income < mode income.
  B) mode income < median income < mean income.
  C) median income < mean income < mode income.
  D) mode income < mean income < median income.

Question 2

The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. When the marginal social benefit of the last dozen doughnuts is equal to the marginal social cost
 
  A) the efficient quantity is being produced and consumed.
  B) 200 dozen doughnuts are produced and consumed each day.
  C) an increase in production and consumption would increase efficiency.
  D) Both answers A and B are correct.



ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

For a complete list of videos, visit our video library