In the figure above, the richest 40 percent of households receive ________ of total income
A) 70 percent
B) 30 percent
C) 60 percent
D) 80 percent
A
Economics
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Which one of the following techniques is an example of the replacement cost method of economic valuation?
a. Contingent valuation b. Hedonic pricing c. Travel cost method d. Habitat equivalency analysis e. Cost-effectiveness valuation
Economics
Joe's income is $500, the price of food (F, y-axis) is $2 per unit, and the price of shelter (S, x-axis) is $100. Which of the following represents his marginal rate of transformation of food for shelter?
A) -5 B) -50 C) -.02 D) None of the above.
Economics