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Author Question: Median household income in the United States has increased from 38,771 in 1967 to 51,017 in 2012. ... (Read 98 times)

Capo

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on: Jun 29, 2018
Median household income in the United States has increased from 38,771 in 1967 to 51,017 in 2012. Based only on this fact, we can conclude that
 
  A) Inequality is increasing in the United States.
  B) Inequality is decreasing in the United States.
  C) Inequality is not changing in the United States.
  D) We cannot conclude anything about inequality in the United States without more information.

Question 2

A firm's shutdown point is the output and price at which the firm's total revenue just equals its total variable cost.
 
  Indicate whether the statement is true or false


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moormoney

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


Capo

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
:D TYSM

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