This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Lorenz curve graphs the A) cumulative percentage of spending against the cumulative ... (Read 50 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 29, 2018
The Lorenz curve graphs the
 
  A) cumulative percentage of spending against the cumulative percentage of households.
  B) marginal percentage of income against the marginal percentage of households.
  C) cumulative percentage of income against the cumulative percentage of households.
  D) cumulative percentage of spending against the marginal percentage of households.

Question 2

If firms in a duopoly can successfully collude
 
  A) each firm can earn an economic profit.
  B) the industry, that is, both firms taken together, can earn the maximum economic profit.
  C) the firms achieve a cooperative equilibrium.
  D) All of the above answers are true.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frogdreck123456

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Cyanide works by making the human body unable to use oxygen.

What Percentage of U.S. Married Women Ages 40-44 Have Never Given Birth? What Percentage of U.S. Married Women Ages 40-44 Have Never Given Birth?
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve. The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Hockey stick” curve Hockey stick” curve
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library