This question is based on the following chart below. 1999 Avg 1977 Avg Income Income Group Income Lowest fifth $10,000 $8,000 Second fifth $22,100 $20,000 Middle fifth $32,400 $31,400 Fourth fifth $42,600 $41,500 Highest fifth $74,000 $102,300 Top 1% $234,700 $515,600 Source: Center on Budget and Policy Priorities (CBPP) The Center on Budget and Policy Priorities (CBPP) breaks the U.S. population into fifths based on the after-tax household income level. Which conclusion can be drawn based on the facts in this chart comparing 1999 to 1977 average income? OA. The middle-fifth income group demonstrated more of an increase than the lowest- fifth in earnings. B. The highest-fifth income group demonstrated the greatest increase in earnings. C. Only two income groups demonstrated a decline in earnings. D. All income groups increased their average incomes in 1999. E. The top 1% income group's earnings increased more than that of the other income groups.

This question is based on the following chart below. 1999 Avg 1977 Avg Income Income Group Income Lowest fifth $10,000 $8,000 Second fifth $22,100 $20,000 Middle fifth $32,400 $31,400 Fourth fifth $42,600 $41,500 Highest fifth $74,000 $102,300 Top 1% $234,700 $515,600 Source: Center on Budget and Policy Priorities (CBPP) The Center on Budget and Policy Priorities (CBPP) breaks the U.S. population into fifths based on the after-tax household income level. Which conclusion can be drawn based on the facts in this chart comparing 1999 to 1977 average income? OA. The middle-fifth income group demonstrated more of an increase than the lowest- fifth in earnings. B. The highest-fifth income group demonstrated the greatest increase in earnings. C. Only two income groups demonstrated a decline in earnings. D. All income groups increased their average incomes in 1999. E. The top 1% income group's earnings increased more than that of the other income groups.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

n 102 Assignment 4spring22 (1) Protected View Saved to this PC O Search (Alt+Q) Design Layout References Mailings Review View Help een verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you need to edit this file, click enable editing. Enable Editing 3) Use the table below to answer the following questions. Table 1 Bud Light Don't Offer Offer New Ads New Ads B: $100 B: $50 Offer New Ads M: $100 M: $200 Miller Lite Don't Offer B: $120 B: $200 M: $50 New Ads M: $120 Table 1 The marketers of Budweiser Light beer and Miller Lite beer must decide whether or not to offer new advertising campaigns promoting their products. The payoffs in the table are the economic profit made by Bud and Miller. Answer the following questions? a. What is Bud Light Dominant Strategy? b. What is Miller Lite Dominant Strategy? c. Is this game has an equilibrium ? what is it? what we usually call this type of equilibrium? d. Is this game can be described as a…
File Home Insert Draw Page Layout Formulas Data Review View Help A Share P Comments Еб fe 165 A в D E F G H J K M N P RA 1 Year Quarter Winery Appellation Cost Per Case Cases Sold Sales Discount Net Beaulieu Cabernet Sauvignon Beaulieu Cabernet Sauvignon Beaulieu Cabernet Sauvignon Beaulieu Cabernet Sauvignon Beaulieu Cabernet Sauvignon Beaulieu Cabernet Sauvignon Beaulieu Cabernet Sauvignon Beaulieu Cabernet Sauvignon Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Chardonnay Beaulieu Merlot Beaulieu Merlot Beaulieu Merlot Beaulieu Merlot Beaulieu Merlot Beaulieu Merlot 2 1991|Q1 1991|Q2 1991 Q3 1991 Q4 $165 450 $165 550 26.50% 4 $165 575 30% 5 $165 650 6 1992 Q1 $165 310 1992 Q2 $165 625 Directions 1992 Q2 1992 Q4 1991 Q1 1991 Q2 1991 Q3 1991 Q4 8 $165 314 Determine…
Figure A Q Figure B Figure C Price (dollars per unit) 15- Price (dollars per unit) 15 Price (dollars per unit) 15- 14- 13- 12- 11- 10- MC MC 14- 14- 13- 12- 11- 10- „MC ATC 13- 12- 11- 10- ATC ATC MR MR MR 9- 9- 9- 8- 8- 8- 7- 7- 6- 90 100 100 100 1i0 Quantity (units) 90 110 90 110 15 Qua Quantity (units) Quantity (units) Consider a perfectly competitive firm in a short-run equilibrium. Figure shows a firm in bad times because the firm produces units and makes a(n) O A. A; 100; economic loss O B. B; 90; economic profit O C. A; 110; economic loss O D. C; 100; economic loss O E. C; 100; normal profit
Rate My X Amazon. X G the solov X unc.edu/portal/site/8eaf91f5-c677-433e-8847-bd959eb5d0f9/tool/4a551cdb-9548-4116-aac8-ae76c145bc59/Showltem?returnView=&studentlteml. INA 155 Time Remaining: 00:24:09 A Hide Time Remaining A The table shows the maximum amount that 6 different students are willing to pay for a used textbook. Assume each student only buys one book. If the market price of a used textbook is $68, what is the value of consumer surplus in this market? Buyer Value $75 $50 Breanne Nesreen Shreeva $60 $90 Peyton Will $85 $70 Kayla A. between $35 and $40 O B. less than $30 O C. between $30 and $35 O D. more than $40 Reset Selection Show all HE SL.mp3 8:49 AM ch for anything 5/13/2021
Answwwwer
TP/ Q PRICE TR MR AR TC MC PROFIT 0 50 0 0 0 120 30 -120 1 50 50 50 50 150 25 -100 2 50 100 50 50 175 18 -75 3 50 150 50 50 193 25 -43 4 50 200 50 50 218 30 -18 5 50 250 50 50 248 34 2 6 50 300 50 50 282 40 18 7 50 350 50 50 322 50 28 8 50 400 50 50 372 55 28 9 50 450 50 50 427 58 23 10 50 500 50 50 485 15 1. What is the output level that maximizes the profit? 2. At this level, how much are the firm's profit? 3. Identify the level at which the firm should shut down?
For the following questions, choose the letter of the best answer (showing work): 2.1. How many months would you have to put $500 per month into an account that earns 4% monthlyin order to accumulate $6,000?(a) 10 months(b) 65 months(c) 15 months(d) 5 months 2.2. A machine will need to be replaced 10 years from today for $10,000. How much must be depositednow into an account that earns 5% per year to cover the replacement cost?(a) $1,486(b) $6,139(c) $10,000(d) $4,810 2.3. An effective rate of 10% per quarter is closest to what effective rate per year?(a) 40.00%(b) 46.41%(c) 10.38%(d) 16.99% 2.4. If the internal rate of return (IRR) of Alternative A is 30%, the IRR of Alternative B is 25%, andMARR is 20%, which of the following is correct?(a) Not enough information is given to determine which alternative is preferred(b) Alternative A is preferred over Alternative B(c) Alternative B is preferred over Alternative A(d) Neither Alternative A nor Alternative B is acceptable 2.5.…
Marquesa earns money and can spend money only this year and next year. Her utility isU(c1, c2) = c1c2. She can save and borrow as much as she wants at an annual interest rate of10%. If she earns $50,000 this year and $110,000 next year, what is the largest amount shecould consume next year?(a) $165,000(b) $150,000(c) $110,000(d) $82,500(e) None of the above
Pls help to select correct option
only ttyped solution
K L Q MPL APL (Q/L) VML (MPL*P) FC VC (L*150) TC 5 0 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500 1525 5 11 525 25 47.7 50 25 1650 1675 Define firm’s fixed costs. Next, what is Firm’s FC in the Table above. Why?
K L Q MPL APL (Q/L) VML (MPL*P) FC VC (L*150) TC 5 0 0 0 0 5 1 50 50 50 50 25 150 175 5 2 125 75 62.5 150 25 300 325 5 3 225 100 75 200 25 450 475 5 4 375 150 93.7 300 25 600 625 5 5 450 75 90 150 25 750 775 5 6 450 0 75 0 25 900 925 5 7 400 -50 57.14 -100 25 1050 1075 5 8 425 -75 53.12 -150 25 1200 1225 5 9 450 -25 50 -50 25 1350 1375 5 10 500 -50 50 -100 25 1500 1525 5 11 525 25 47.7 50 25 1650 1675 Define the Firm’s Variable Costs. Next, what is the VC in the Table above?