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

Author Question: In the United States, measured wealth is distributed more unequally than income. Indicate whether ... (Read 120 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
In the United States, measured wealth is distributed more unequally than income.
 
  Indicate whether the statement is true or false

Question 2

The above figure represents the market for professional minor-league baseball umpires.
 
  a) If umpires are offered 90 a game, what is the quantity of umpires supplied?
  b) If umpires are offered 90 a game, is there a surplus or shortage of games umpired? What does the shortage or surplus equal?
  c) What is the equilibrium wage rate and quantity of umpires?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kiamars2010

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

a) The quantity of umpires supplied is 20 umpires.
b) At 90 a game, there is a shortage of umpires. The shortage equals the quantity demanded, 50 umpires, minus the quantity supplied, 20 umpires, for a shortage of 30 umpires.
c) The equilibrium wage rate is 120 a game and the equilibrium quantity is 40 umpires.


bcretired

  • Member
  • Posts: 525
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Sceloporus undulates, the eastern fence lizard, is one of the most widely distributed lizard species Sceloporus undulates, the eastern fence lizard, is one of the most widely distributed lizard species
Distribution of the Income of Americans Distribution of the Income of Americans
Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ... Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ...
Per capita consumption of power is high in the developed world and highest in the United States Per capita consumption of power is high in the developed world and highest in the United States
Many countries do not produce enough food and need to import food from the United States Many countries do not produce enough food and need to import food from the United States
By the People: A History of the United States, AP Edition By the People: A History of the United States, AP Edition
Video: Pneumonia Animation

For a complete list of videos, visit our video library