The Gini ratio is calculated by dividing the area between the Lorenz curve and the diagonal by the:
A. Remaining area below the diagonal
B. Total area below the diagonal
C. Total area of the box or rectangle
D. Remaining area of the box or rectangle
B. Total area below the diagonal
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A private firm that sustains a financial loss because of an antitrust violation may be able to recover three times the actual damages
a. True b. False
If Allison's marginal utility of her 100th dollar of income is greater than Brad's marginal utility of his 10th dollar, then we can conclude:
a. money means more to Allison. b. money means more to Brad. c. Brad is richer than Allison. d. Allison is richer than Brad. e. nothing, since we can't make interpersonal utility comparisons.
Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit.Table 19.3Michael's Utility ScheduleUnits of ColaTU of ColaMU of ColaUnits of PretzelsTU of PretzelsMU of Pretzels14040130302 322 2039624366164112 478 5124 584 The marginal utility per dollar of the third pretzel is
A. 6. B. 12. C. 4. D. 5.
Suppose we have an economy in which G = 1100, t = 0.26, Y = 3800, and YN = 4000. At Y, the actual deficit is
A) 60. B) 200. C) 112. D) 286. E) -60.