Question: Consider the income distribution listed below for countries A,B,C,D. Which country has the greatest degree of income inequality? A B D Lowest Fifth 18% 2%


Consider the income distribution listed below for countries A,B,C,D. Which country has the greatest degree of income inequality? A B D Lowest Fifth 18% 2% 5% 4% Second Fifth 19% 4% 10% 11% Third Fifth 20% 6% 15% 17% Fourth Fifth 21% 8% 25% 30% Highest Fifth 22% 80% 45% 38% B D For the following output data, assume that the amounts of all non-labour resources are fixed. Number of Workers Output 0 0 1 40 90 3 126 4 150 165 6 174 The average product for the second worker hired is: 37.5 33 45 12.6 90 Consider the cost figure below: MC AC AVC Dollars B A wu AFC 0 Quantity At output level Q, average variable cost (AVC): is equal to D is equal to B is equal to A is equal to C AFC is not in the diagram
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