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1. In the graph drawn above, the diagonal line is the line of equal distribution of income. The curves, L1 and L2 are Lorenz curves. (i) What is measured on the horizontal axis and what is measured on the vertical axis of the graph? (ii) Why is the diagonal regarded as the line of equal distribution of income? (iii) Which Lorenz curve represents greater economic inequality and why?
1 the basis of the argument favoring government intervention to correct informational and rationality problems is
Discuss why both demand and supply analysis and marginal analysis should be used in making rational business decisions. Please include specific examples in your discussion posts.
Presume a bank is faced with two kinds of borrowers- a high risk borrower that must be charged an interest rate of 9% and a low risk borrower that must be charged an interest of 4%. There is a 30% chance of getting a high risk borrower and a 70% chan..
Describe how if at all each of the following events effects the location of a country’s production possibilities curve
question 1money demand in an economy in which no interest is paid on money is... 500 0.2y -1000ia. you know that p
Prepare a 2 page paper using APA format discussing Airline Ticket Prices.Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.
Suppose that Serendipity Bank has excess reserves of $8,000 and checkable deposits of $150,000. Instructions: Enter your answer as a whole number. What level of excess reserves does the bank now have? $____________.
In the model of a dominant firm, assume that the fringe supply curve is given by Q= -1 + 0.2P, where P is market price and Q is output. Demand is given by Q = 11-P.
Prepare your slides as soon as you have a good final draft. Preparing the slides will help you see any weaknesses in your paper.
given the following information for november 2010 calculate the amounts of m1 and m2 in november 2010. the amounts are
suppose that ex is the exchange rate between the u.s. dollar and the chinese yuan in that ex indicates the number of
Does a monopolistic competitor produce more or less output as compared to an efficient level of production Explain. What are the benefits and drawbacks of this Should the government intervene to alter this
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