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

Author Question: What is a household's real income? What will be an ideal response?[br][br][b][color=gray]Question ... (Read 75 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
What is a household's real income?
 
  What will be an ideal response?

Question 2

Perfectly competitive firms will sometimes operate even though they incur an economic loss in the short run.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SAUXC

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

A household's real income is the household's income expressed as a quantity of goods the household can afford to buy. Measured using a budget line, the household's real income is the maximum quantity of the specific goods or services plotted on the budget line.

Answer to Question 2

TRUE


NClaborn

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Your heart beats over 36 million times a year.

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?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Locations and Response Characteristics of Photoreceptors Locations and Response Characteristics of Photoreceptors
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Color Vision Color Vision
How to solve application problems containing quadratics (Question 1) How to solve application problems containing quadratics (Question 1)
How to solve application problems containing quadratics (Question 2) How to solve application problems containing quadratics (Question 2)
Determination of Income Inequality Determination of Income Inequality
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library