What is the percentage of income received by the middle three quintiles on line Z?
40
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Mary plants a number of trees in her garden every week, which keeps her neighborhood cool. Which of the following is true?
A) The marginal social cost of planting a tree is lower than the marginal private cost of planting a tree. B) The marginal private benefit of planting a tree is higher than the marginal social benefit of planting a tree. C) There is an external benefit in planting a tree. D) There is a deadweight loss in planting trees.
"Because firms in an oligopoly are so large, they do not need to consider each other's actions." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
The current price of canvas messenger bags is $36 each and sales of the bags equal 400 per week. If the price elasticity of demand is -2.5 and the price changes to $44, how many messenger bags will be sold per week? Use the midpoint formula
What will be an ideal response?
What makes the Federal Reserve so unique compared to other central banks around the world is its
A) centralized structure. B) decentralized structure. C) regulatory functions. D) monetary policy functions.