Author Question: Which of the following CORRECTLY describes characteristics of people who earn high incomes? I. ... (Read 89 times)

LaDunn · **on:** Jun 29, 2018

Which of the following CORRECTLY describes characteristics of people who earn high incomes?

I. Older, retired households have the highest incomes.
II. Married couples earned higher incomes than single people.
III. Households with Bachelor's degrees have higher incomes than households with doctorate degrees.
A) I and II
B) I and III
C) II and III
D) II only

Question 2

The demand for bus service is perfectly elastic at a price of 1.00 a ride. The table above shows the bus company's marginal cost and the marginal social cost of the bus service. The competitive quantity of bus rides per week is ________.

A) 100
B) 200
C) 300
D) 500