Since 1929, the distribution of income in the United States has become:
a. substantially more equal.
b. slightly more equal.
c. slightly more unequal.
d. substantially more unequal.
b
Economics
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Suppose the demand for Pepsi-Cola is qp = 50 - 2pp + 1pc. The firm faces a constant marginal cost of m, and pc denotes the price of Coca-Cola
Assuming Bertrand behavior, derive Pepsi-Cola's best-response function and explain how the firm changes price in response to changes in its own marginal cost and changes in Coca-Cola's price.
Economics
What is the marginal revenue of producing the fourth unit?
a. 90 b. 40 c. 20 d. 180
Economics