Which of the following income distributions represents the most equal distribution of income?

Q: True/ False    Government always works in the welfare of the economy.

A: Introduction ; In economics, government refers to the entity that has the responsibility and…

Q: EXERCISES 1. Determine which of the following games are strictly competitive. A B C X 2,9 5,6 9,1 Y…

A: Nash equilibrium: Nash equilibrium is the point of a game corresponding to which each participant…

Q: Which of the following is a consequence of speculative inflation?

A: Inflation means a general increase in the price of goods and services in an economy.  Speculative…

Q: (cpi ) was 228.2 in 2011 and 243.1 in 2016. x=11 in in 2011. what is the estimate cpi in 2014 and…

A: CPI stands for consumer price index. It measures the overall prices of goods and services. It…

Q: A research center has conducted extensive research on social media usage. One finding was that 73%…

A: (a) Given information: Sample size (n) = 600 sample proportion, p = 0.73 confidence level, c = 0.95…

Q: Which of the following is a major factor in determining an individual's supply of savings? A:…

A: Income earned by people is either spent on consumption or kept in savings.  Saving is that part of…

Q: Give 10 examples per each about MICE tourism.

A: MICE tourism refers to the travel activities that are related to meetings, incentives, conferences,…

Q: We would expect the cross elasticity of demand between Little Caesar's Pizza and Jet's Pizza to be:…

A: The elasticity of demand refers to the responsiveness of the quantity demanded with respect to a…

Q: Suppose a natural monopoly with diminishing average and marginal costs. Represent graphically: a)…

A: A natural monopoly arises when the long run average cost curve falls over a sufficiently large range…

Q: You need a car. You decide to purchase a new car for $12,000 and sell it in one year. If you don't…

A: Opportunity cost is the cost of producing one good in terms of other.  Opportunity cost shows the…

Q: You have been tasked with developing a research report based on an economy of your choice anywhere…

A: Economic fundamentals refer to the basic elements or principles that underlie the functioning of an…

Q: Both the supply and the demand for crude oil seem to be price inelastic. It implies that changes in…

A: The equilibrium is determined by the intersection of the demand curve and the supply curve in a…

Q: Consider a world with only two countries (i.e., two large open economies), the home country and the…

A: An increase in home future labor income could have several effects on the world equilibrium interest…

Q: 1) Assume two firms with the same constant average and marginal cost, AC = MC = 12, facing the…

A: Introduction According to the economic theory of Cournot competition, competing enterprises decide…

Q: You have been promoted to be the new manager of Nefertiti Hotel, and you must decide where to build…

A: Economic profit is the difference between the total revenue earned by a firm and the total cost of…

Q: Consider a withdrawal from the Canadian banking system of $2,500. Suppose that all commercial banks…

A: Reserve ratio is the ratio of deposit that is kept by the banks as reserve as per the norms of…

Q: GIVEN INFORMATION: Think about Anteaterville's highly competitive smoothie market. Q is the…

A: ***Since the student has provided an incorrect demand function (Q = 1200p - 100p), hence, the expert…

Q: 18. How prices allocate resources Suppose that there are three plots of mountain resort land…

A: In a market, a seller and a buyer interact and make a transaction is they both are able to gain…

Q: uring december, sara deposited 500 aed into her account and withdrew 120, 60.25, and 39.75 aed her…

A: A deposit is a sum of money that is put into a bank account or other financial account.

Q: Exercise A.3. The inverse demand of a monopolist is given by the expression P=50-2Q and its cost…

A: Monopolist maximises profit by producing at marginal revenue being equal to marginal cost

Q: Covid-19 global economic pandemic has negatively affected economies as a whole at the global,…

A: The pandemic led to a reduction in economic activity, job losses, and a decline in consumer…

Q: Using Incremental with EUAW analysis find the best alternative, MARR = %10. should use Excel and…

A: MARR = 10% Data points are as follows -

Q: Mary wants to buy equal amounts of sodas and candy bars for her party guests Sodas cost $.50 each…

A: A personal budget is a financial plan that details a person's earnings and outgoings over a…

Q: Assume an American firm takes a long position on British Pound call options. The premium is $0.05,…

A: A call option is a derivative that offers the right to purchase the underlying asset at a…

Q: Why is the term "Extinction Level Pollution Emissions" a better description than "global warming?"

A: Environmental science is concerned with understanding the complex processes that govern the Earth's…

Q: Jevonte is saving money. Jevonte started with $21 and added $17.50 every week. Find the rate of…

A: You can escape life's uncertainties by saving money, which also gives you the chance to live a…

Q: 14. The graph below shows supply and demand curve shifts for the propane market. (Propane is used to…

A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…

Q: Answer all the questions! 1. What has been the relationship over the past century between the…

A: The term "government revenue" describes the funds that a government receives from a variety of…

Q: U.S. route 83 passes through the village of Burr Ridge, IL. The engineers of the Transportation…

A: A future cash flow or series of future cash flows are valued today based on their present value…

Q: QUESTION 2 The company received an offer from ParkWay to invest NOW $15,000 and take back annually…

A: In financial analysis, the internal rate of return (IRR) is a statistic used to calculate the…

Q: 7. A perfectly competitive market mainly benefits: O business owners of the firms. O consumers of…

A: Perfect competition is a market formation where firms in a specific market sell identical goods. In…

Q: Draw 3 diagrams to illustrate the effects of a wage subsidy on the labor market. Explain each…

A: The labor market refers to the marketplace where workers offer their services to employers in…

Q: Use the graph for Yolanda's Frozen Yogurt Stand to answer the questions that follow. Use the…

A: Price elasticity of demand refers to percentage change in quantity demand of a particular good with…

Q: Explain why a monopolist will always produce a quantity at which the demand curve is price elastic.…

A: In the case of a monopoly, there is a single seller who controls the entire market. The firm is a…

Q: Cost Schedule for Firm X: Output Total Fixed Cost Quantity 0 1 2 3 4 5 $21,500 $20,000 $1,500 $240…

A: Marginal product is the change in total product due to an additional input used.  Marginal cost is…

Q: We begin by solving the consumer’s problems: (a) What is the US’s budget constraint? (b) Describe…

A: In this case, we have to discuss the budget constraint. Budget constraint is total available money…

Q: Total cost is 1200.output is 20.fixed cost is 1000.what is variable cost?

A: The concept of total cost is used in practically all business units. The main advantage of using the…

Q: These are Macroeconomic questions a. Farmers in Country A grow $150 worth peanuts which are sold to…

A: To calculate the GDP of Country A and B, we can use the value of final goods approach and the…

Q: Considerthe following problem. There are five firms producing a homogenous good and competing in…

A: The demand is the willingness of an individual to pay in the market and his ability to purchase the…

Q: CENGAGE MINDTAP Homework #6 (Ch 10 & 11) Consider the market for electric cars. Suppose that a…

A: The given information states that there is a negative externality. The difference between private…

Q: You have been hired as a consultant to a new startup firm to help decide which of three options to…

A: Net Present Value Present worth (PW) is the computation of the current value of a future sum of…

Q: Consider the imaginary economy of Meekerton and the market for meekies, a hypothetical good. Without…

A: International trade refers to the exchange of goods and services between different countries of the…

Q: Please draw a utility function that exhibits risk-loving behavior for small gambles (low values) and…

A: Attitude towards risk refers to an individual's willingness or propensity to take risks when making…

Q: Explain Engels Law. How can Engels law be used to explain the increase in demand for workers in the…

A: Income elasticity is an economic concept that measures the responsiveness of demand for a good or…

Q: international market Draw Country A's and Country's B's Export Supply curve and Import Demand curve…

A: Export and import is the term used for trade between nations. Export means selling goods and…

Q: Consider an economy with two goods, consumption c and leisure I, and a representative consumer. The…

A: Given information Utility function U=c-βh1-ρ1+ρWhere β>0ρ>0c-- consumptionh--- hours of…

Q: Savings and Investment Social Security Retirement Plans The Stock Market In which…

A: The percentage of income or resources that is not used up right away but is instead saved for later…

Q: PRICE (Dollars per unit) 36 30 24 18 6 A II, III I, III II, III, IV C B Social Cost Supply Demand…

A: The given graph shows a presence of negative externality. Supply curve shows private cost and demand…

Q: Consider a world with only two countries (i.e., two large open economies), the home country and the…

A: Home CountryCd = 400 + 0.5(Y-T) - 100rwId = 300 - 100rwY = 2000T = 250G = 300Foreign CountryCd = 200…

Q: How are preexisting medical conditions covered under the Affordable Care Act? A. They will continue…

A: President Barack Obama signed into law the Affordable Care Act (ACA), usually referred to as…