In the figure above, the second richest 20 percent of households ...

[sjones]

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.

[14vl19]

Answer to Question 1

C

Answer to Question 2

C

[sjones]

Thanks for the timely response, appreciate it

[amynguyen1221]

TYSM