« previous next »

Author Question: Since 1970, the world Gini ratio has ________ indicating that the world distribution of income has ... (Read 141 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 29, 2018
Since 1970, the world Gini ratio has ________ indicating that the world distribution of income has ________.
 
  A) risen; become more equal
  B) fallen; become more equal
  C) risen; become less equal
  D) not changed; not changed

Question 2

In the above figure, for a single-price monopolist producing at its profit-maximizing equilibrium price and quantity, the price elasticity of demand at this equilibrium will be
 
  A) greater than 1 and the monopolist's total revenue is maximized.
  B) less than 1 and the monopolist's economic profit could be larger.
  C) equal to 1 and the monopolist's total revenue is maximized.
  D) greater than 1 and the economic profit is maximized but the total revenue is not.


brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

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

The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Distribution and Forms of Precipitation: Rain Distribution and Forms of Precipitation: Rain
Global Distribution of Precipitation Global Distribution of Precipitation
Finding the angle from a ratio Finding the angle from a ratio
Distribution of sex chromosomes from generation to generation. All children receive an X chromosome Distribution of sex chromosomes from generation to generation. All children receive an X chromosome
Distribution of glucose-6-phosphate dehydrogenase (G6PD) deficiency in various Jewish populations. B Distribution of glucose-6-phosphate dehydrogenase (G6PD) deficiency in various Jewish populations. B
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library