The following table shows the approximate income distribution for Croatia, Nicaragua, and Haiti in 2016. In particular, it shows
1 answer:
Based on the income shares of Croatia, Nicaragua, and Haiti, when it come to which nation has the most income, the answer is you cannot tell from this table.
<h3>Which nation has the most income?</h3>The table simple shows the various percentages of the country's population that are earning a certain amount.
From this table alone, we cannot tell which nation has the most income.
We can infer however, that Croatia has the least income inequality based on the even spread of total income. Haiti then has the most income inequality.
Question is:
Which nation has the most income?
- Croatia
- Nicaragua
- Haiti
- You cannot tell from the table
Find out more on income inequality at brainly.com/question/24554155.
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Answer:
The overview of the given statement is described in the explanation segment below.
Explanation:
<u>Monopoly Market: </u>
- The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR.
- Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).
<u>Perfectly Competitive Market: </u>
- The price shall be calculated whenever market forces are equivalent.
- The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.
Thus,
⇒
Hence,
⇒