Author Question: In the figure above, the second richest 20 percent of households receive ________ of total income. ... (Read 80 times)

sjones · **on:** Jun 29, 2018

In the figure above, the second richest 20 percent of households receive ________ of total income.

A) 55 percent
B) 35 percent
C) 25 percent
D) 45 percent

Question 2

The marginal utility from the first burrito Bobby consumes is larger than the marginal utility from the first taco Bobby consumes. As a result

A) tacos are an inferior good for Bobby.
B) Bobby will never consume tacos.
C) Bobby will consume a taco only if the price of a taco is less than the price of a burrito.
D) burritos and tacos are substitute goods for Bobby.