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Vika [28.1K]
3 years ago
6

A Lorenz curve measures the ________ on the vertical axis.cumulative percentage of money incomecumulative percentage of family w

ealthcumulative percentage of familiesdemand of families on welfare
Business
1 answer:
Charra [1.4K]3 years ago
3 0

Answer:

cumulative percentage of money income

Explanation:

Lorenz curve refers to the graphical representation of income inequality among the individuals in an economy. It is shown as the bend curve in the income equality diagram. There is one 45 degree line which is known as the line of equality.

Cumulative percentage of money income is shown on the vertical axis and percentage of households by income distribution is shown on the horizontal axis.

The larger the gap between the Lorenz curve and the line of equality represents higher income inequality.

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Answer this please please
stepladder [879]
Please write the question and options so I can help you and answer the question.
5 0
3 years ago
in 2001 an outbreak of hoof-and-mouth disease in europe led to the burning of millions of cattle carcasses. discuss the demand a
denis23 [38]

Answer:

High demand

Low supply

High prices

Explanation:

The demand and supply of products, goods and services is heavily dependent on several factors ranging from economic, health and social factors. Disease and viral outbreaks have devastating effects on the market forces of demand and supply which in most cases will impact the market negatively with characteristically high prices and scarcity of products. The mouth and hoof outbreak in Europe was one which impacted the economy including farmers, leather and hides workers and all whose businesses and sustainability depends on cattles and its products. Due to the contagious nature of the disease and the ease at which it could spread if curtailment isn't effected on time, millions of cattles were slaughtered on sighting the symptoms and it's products including skins are burnt leading to losses in billions on the path of cattle rearers, shortage of lather, hides and skins, restriction in international product trade in other to avoid its spread to other parts of the world. These resulted in low supply and high demand of cattles and its products including leather goods meaning High prices for little available.

8 0
3 years ago
Why do lenders use your utilities payment history to approve credit?
nikitadnepr [17]
There is more than one reason, but there are two main things they are looking at.  They need to see if you are paying on time.  The payment history will show if you get behind or not.  And because a utility bill is similar to a loan payment, because you have to pay it or you lose your services, they see how responsible you are by checking that.  The second major reason they do this is to see what your debt is already.  They want to make sure you can afford, with all your bills, to pay them back. 
8 0
3 years ago
The firm receives an average of $20,000 in checks per day. The weighted average delay in clearing the checks received is 3 days.
katrin [286]

Answer:

<u>$26000</u>

Explanation:

from the question;

check per day; 20000

delay: 3 days

checks to pay suppliers; 17000

clearing time 2 days

<u>we first calculate collection flaot:</u>

collection flaot = average amount of check x outstanding days

= 20000 x 3

= 60000

now we have to calculate <u>disbursements float:</u>

average amount of check x days to clear

= 17000 x 2

= 34000

with these two values we can get the net float

= collection flaot - disbursements float

= 60000 - 34000

= <u>$26000</u>

5 0
3 years ago
attempt to avoid price competition, prefering instead to differentiate themselves by precisely targeting customer segments with
ELEN [110]

Answer:

Specialty store

Explanation:

A specialty store is a retail business that specializes in a particular range of products and its related merchandise.  A specialty store will have an extensive depth of the merchandise that its stocks. For example, a business may focus on office supplies, men clothing, or household appliances as opposed to having a wide range of consumer products.

Specialty stores will often sell their products at a premium price. They offer excellent and friendly customer service. Employees at a specialty store have in-depth knowledge about their products and will provide expert advice to customers.

5 0
3 years ago
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