--%>

Perfect Equality of Income Distribution

A Lorenz curve which is identical to a 45 degree line by the origin indicates as: (w) perfect equality of income distribution. (x) complete inequality of income distribution. (y) unitarily elastic supplies of labor. (z) which poverty is prevalent.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Featherbedding in the practice of hiring

    The summation of monopolistic exploitation across all the workers tends to raise however a firm as well operates at a more socially and economically proficient level of output and employment whenever the firm is capable to engage in: (m) Blacklisting in its dealings t

  • Q : Determine total revenue by zero

    Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. Often, lots of Texans are romantics at heart. When Hybrid Roses set the price of a dozen roses at the point where marginal revenue is zero, in that case its total revenue

  • Q : Monopolistic Exploitation-Demand for

    I have a problem in economics on Monopolistic Exploitation-Demand for Labor. Please help me in the following question. The monopolistic exploitation is exercised if the employment equilibrium for a firm involves: (i) MRP > MFC. (ii) Paying the work

  • Q : Needs firm by maximizing profits for

    Maximizing profit needs every firm to manufacture the output level where marginal is: (i) revenue is maximized. (ii) cost equals the lowest possible  average total cost. (iii) revenue equals marginal cost. (iv) revenue exceeds ma

  • Q : Problem on Right-to-Work Laws In states

    In states that encompass ‘Right to Work’ laws, then collective bargaining agreements: (i) Can’t need all employees to join a union in a specified period after being hired. (ii) Generally state the number of employees a firm

  • Q : Price increases and price cut in

    Within the kinked-demand-curve model, there the firm faces: (w) a less elastic demand curve for price increases as well as a more elastic demand curve for price cuts. (x) a more elastic demand curve for price increases and a less elastic demand curve

  • Q : Quintile distribution of income Give

    Give the answer of following question. In the quintile distribution of income, the term "quintile" represents: A) 5 percent of the income receivers. B) 10 percent of the income receivers. C) 20 percent of the income receivers. D) 25 percent of the income receivers.

  • Q : Functional Distribution of Income

    Computing the relative shares of national income accounted for by wages, interest, rent, and profit, yields, respectively measures called the: (1) market distribution of income. (2) functional distribution of income. (3) objective distribution of inco

  • Q : Illustration of Contestable Market The

    The probably of the following industries to be a contestable market is: (i) electricity generation. (ii) cellular telephone services. (iii) cable TV systems. (iv) natural gas service. (v) water and sewer services.

  • Q : Short run in Substitution process In

    In the short run, simple and cheap new cures for cancer and heart disease would most likely decrease the: (i) Gains of tobacco companies. (ii) Absentee rates of nearly all young workers. (iii) Demands for the hospital beds in intensive care units. (iv) Supplies of doc