Author Question: Assets minus liabilities equals A) implicit costs. B) accounting profit. C) economic profit. D) ... (Read 265 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?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

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?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

For a complete list of videos, visit our video library