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

Author Question: The Lorenz curve graphs the A) cumulative percentage of spending against the cumulative ... (Read 103 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
The Lorenz curve graphs the
 
  A) cumulative percentage of spending against the cumulative percentage of households.
  B) marginal percentage of income against the marginal percentage of households.
  C) cumulative percentage of income against the cumulative percentage of households.
  D) cumulative percentage of spending against the marginal percentage of households.

Question 2

If firms in a duopoly can successfully collude
 
  A) each firm can earn an economic profit.
  B) the industry, that is, both firms taken together, can earn the maximum economic profit.
  C) the firms achieve a cooperative equilibrium.
  D) All of the above answers are true.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frogdreck123456

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

C

Answer to Question 2

D




JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 29, 2018
:D TYSM


CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

For a complete list of videos, visit our video library