Author Question: The distribution of income in the United States is characterized by the following relationship ... (Read 65 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?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library