Author Question: The personal distribution of income in the United States shows that A) income is equally ... (Read 171 times)

biggirl4568 · **on:** Jun 29, 2018

The personal distribution of income in the United States shows that

A) income is equally distributed.
B) the poorest 20 percent of individuals receive approximately 20 percent of total income.
C) the richest 20 percent of individuals receive approximately 50 percent of total income.
D) the poorest 60 percent of individuals receive approximately 50 percent of total income.
E) the richest 20 percent of individuals receive approximately 25 percent of total income.

Question 2

Marginal cost refers to the ________ cost incurred when choosing a particular action.

A) total
B) net
C) implicit
D) additional