Refer to Figure 21.1. If Area I = 1,700 and Area J = 3,300, what is the Gini coefficient?
A) 0.17
B) 0.34
C) 0.52
D) 2.94
B
Economics
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A util is a single unit of:
A) the measure of income. B) the measure of savings. C) the measure of satisfaction. D) the measure of expenditure.
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As practiced by book publishers, versioning involves first selling the hardcover edition of a book and then switching to a paperback edition to sell additional copies. As such, this is an application of second-degree price discrimination
Indicate whether the statement is true or false
Economics
Most goods are:
A. exclusive. B. public goods. C. rival in consumption. D. nonrival in consumption.
Economics
If fixed costs are $960, variable costs are $1,440, and output is 12, then average total cost equals:
A. $ 80. B. $120. C. $200. D. $100.
Economics