In calculating income for the Lorenz curve, one factor that is omitted, is
A) capital gains income.
B) dividend payments.
C) in-kind transfer payments from the government.
D) pure economic rent.
Answer: C
Economics
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Refer to Scenario 12.2. Suppose that the marginal cost falls such that:
MC = Q - 10 What is the profit maximizing level of output? A) 171.43 B) 120 C) 150 D) all of the above E) none of the above
Economics
Bob works for a firm that produces umbrellas. He receives payment for his labor. The firm wants to expand but lacks the capital needed for the expansion. Bob, a person of some means, provides the capital. What market(s) are these payments made in?
a. illegal market b. goods and services market c. product market d. resource market e. umbrella market
Economics