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Author Question: In the figure above, the second richest 20 percent of households receive ________ of total income. ... (Read 124 times)

sjones

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on: Jun 29, 2018
In the figure above, the second richest 20 percent of households receive ________ of total income.
 
  A) 55 percent
  B) 35 percent
  C) 25 percent
  D) 45 percent

Question 2

The marginal utility from the first burrito Bobby consumes is larger than the marginal utility from the first taco Bobby consumes. As a result
 
  A) tacos are an inferior good for Bobby.
  B) Bobby will never consume tacos.
  C) Bobby will consume a taco only if the price of a taco is less than the price of a burrito.
  D) burritos and tacos are substitute goods for Bobby.


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14vl19

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

C

Answer to Question 2

C


sjones

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Reply 2 on: Jun 29, 2018
Excellent

jamesnevil303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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