This topic contains a solution. Click here to go to the answer

Author Question: The above figure shows two Lorenz curves. Lorenz curve A shows the distribution of income and Lorenz ... (Read 465 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
The above figure shows two Lorenz curves. Lorenz curve A shows the distribution of income and Lorenz curve B shows the distribution of wealth. Which statement below is CORRECT?
 
  A) The Lorenz curve for wealth shows that wealth is distributed less equally because wealth does not include human capital.
  B) The Lorenz curve for income shows that income is distributed less equally because income does not include income from stocks and bonds.
  C) The Lorenz curves show wealth is greater than income.
  D) The Lorenz curves show income is greater than wealth.

Question 2

The cookie industry in Eatsweetland consists of 15 firms. The industry sales are 80 million per month. The sales of the largest 5 firms are shown in the table below. The rest 10 firms have sales of 3 million each.
 
  What is the four-firm concentration ratio in Eatsweetland's cookie industry? A) 63 percent
  B) 44 percent
  C) 87 percent
  D) 56 percent



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

IRincones

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

A

Answer to Question 2

D




luminitza

  • Member
  • Posts: 555
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library