What is the percentage of income received by the upper quintiles on line L?
65
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The figure above shows the marginal revenue, marginal cost, and demand curves for an airline offering daily flights between Los Angeles and Toronto
If the airline is regulated using a marginal cost pricing rule ________ flights will be offered each month at a price of ________ per flight. A) 200; $300 B) 200; $100 C) 300; $200 D) 400; $100
The framers of the Constitution sought to limit the economic role of the government as evidenced by
A) all of the above. B) the enumeration of the permissible powers of the federal government in Article I, Section 8. C) the 5th Amendment's limitation on the government's power to take private property. D) the 10th Amendment's allocation of all non-enumerated powers to the states and the people.
According to Okun's law, when the output gap is negative, cyclical unemployment:
A. is negative. B. equals structural unemployment. C. is positive. D. equals frictional unemployment.
In monopoly, _____
a. the firm's demand curve is the market demand curve for the product b. the marginal revenue is less than the price c. the firm can set its price anywhere but will enhance its profits by raising or lowering the price, depending on the circumstances d. all of these