This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the figure above, the second richest 20 percent of households receive ________ of total income. ... (Read 83 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

14vl19

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


sjones

  • Member
  • Posts: 520
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a
Distribution of the Income of Americans Distribution of the Income of Americans
Figure of a Woman with a Drawing Showing Evidence of Original Painting and Outlining Design Scheme Figure of a Woman with a Drawing Showing Evidence of Original Painting and Outlining Design Scheme
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library