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Author Question: If the area between the line of equality and the Lorenz curve is 1,000, the Gini ratio is A) 0.8. ... (Read 296 times)

natalie2426

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on: Jun 29, 2018
If the area between the line of equality and the Lorenz curve is 1,000, the Gini ratio is
 
  A) 0.8.
  B) 0.2.
  C) 0.1.
  D) 0.5.

Question 2

A firm is said to have excess capacity when it produces the amount of output
 
  A) such that price is greater than marginal cost.
  B) such that marginal revenue is greater than marginal cost.
  C) smaller than that which minimizes average total cost.
  D) larger than that which minimizes average total cost.


morganmarie791

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

B

Answer to Question 2

C


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