Author Question: Assets minus liabilities equals A) implicit costs. B) accounting profit. C) economic profit. D) ... (Read 245 times)

anjilletteb

  • Hero Member
  • *****
  • Posts: 569
Assets minus liabilities equals
 
  A) implicit costs. B) accounting profit. C) economic profit. D) net worth.

Question 2

What would the Lorenz curve look like if the income distribution were equal?
 
  What will be an ideal response?



kjo;oj

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

D

Answer to Question 2

If incomes were equal the Lorenz curve would look like a 45-degree line.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

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.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library