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

Author Question: Using the table provided above, what can be concluded about the Gini ratio and what does this mean ... (Read 88 times)

amal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
Using the table provided above, what can be concluded about the Gini ratio and what does this mean for income equality?
 
  A) The Gini ratio is increasing which means there is greater income inequality.
  B) The Gini ratio is increasing which means there is greater income equality.
  C) The Gini ratio is decreasing which means there is greater income equality.
  D) The Gini ratio is decreasing which means there is greater income inequality.

Question 2

What does a firm's short-run total product curve show and what is its significance?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A short-run total product curve shows the way the maximum output increases when the input of a variable factor of production (such as labor) increases, holding all other factors of production fixed. Its significance is that it shows the productivity of the variable factor of production as output is increased. The latter, in turn, is an important determinant of a firm's short run costs.


amal

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Excellent

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Frank Lloyd Wright, Table lamp, executed for the Linden Glass Co. for the Susan Lawrence Dana ... Frank Lloyd Wright, Table lamp, executed for the Linden Glass Co. for the Susan Lawrence Dana ...
Chinese officials have become concerned about the lopsided gender ratio that their “one couple, ... Chinese officials have become concerned about the lopsided gender ratio that their “one couple, ...
Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ... Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
Wet table and Vichy shower in a wet room. Wet table and Vichy shower in a wet room.
table table
Short Table of Laplace Tranforms Short Table of Laplace Tranforms
Video: Appendicitis Animation

For a complete list of videos, visit our video library