« previous next »

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 324 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
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

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Lions mating in Ngorongoro Conservation Area, Tanzania Lions mating in Ngorongoro Conservation Area, Tanzania
A plaque is a clear area in which all bacteria have been lysed by phages A plaque is a clear area in which all bacteria have been lysed by phages
Firing Patterns of a Supplementary Motor Area Neuron Firing Patterns of a Supplementary Motor Area Neuron
Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ... Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ...
Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ... Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ...
Finding the equation of a line Finding the equation of a line
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library