The value of the accumulated assets of an individual is called
a. the Lorenz coefficient
b. the Gini coefficient
c. income
d. wealth
e. quintiles
D
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In the above table, the marginal product of the third worker is
A) 1. B) 2. C) 3. D) 4.
Deadweight loss from monopoly power is expressed on a graph as the area between the
A) competitive price and the average revenue curve bounded by the quantities produced by the competitive and monopoly markets. B) competitive price line and the marginal cost curve bounded by the quantities produced by competitive and monopoly markets. C) competitive price line and the monopoly price line bounded by zero output and the output chosen by the monopolist. D) average revenue curve and the marginal cost curve bounded by the quantities produced by competitive and monopoly markets.
If Jason's fixed cost totals $800 with variable cost per unit of $10 at a quantity of 100 units, what would his average total cost equal?
a. $8.10 b. $18.00 c. $90.00 d. $91.00
Most individuals borrow:
A. using a financial intermediary because it lowers the cost of borrowing. B. using a financial intermediary, but would save money if they financed directly. C. without using financial intermediaries, preferring credit cards. D. directly without the use of a financial intermediary.