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Gemiola [76]
3 years ago
10

How has the distribution of income in the united states changed over the last 20 years? it has not changed appreciably. it has b

ecome less equal. it has become more equal. it became more equal for about 10 years but has become less equal?
Business
1 answer:
GarryVolchara [31]3 years ago
8 0
The distribution of income in the United States has become less equal over the last 20 years. This means that the difference between the rich and the poor has grown. It could mean that the rich have started getting more money while the poor get what they used to get, or even less. In any case, the gap between their income has changed greatly during this time period.
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2 years ago
Sweet Dreams sells 15,000 pillows per year for $25 per unit. Variable cost per unit is $14. Sweet Dreams wants to improve custom
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Answer:  The answer is $27.25

Explanation:

Let x be the price Sweet dreams will charge to earn the profit of $75,000

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We know, Sales - Variable cost - Fixed cost = Profit

Now applying the equation,

 20,000x - (20,000*19) - 90,000 = $75000

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therefore, x = $27.25

So, Sweet Dreams will charge $27.25 to earn the same profit it is earning now i.e. $75000 per year.

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If the market elasticity of demand for potatoes is -0.3 in a perfectly competitive market, then the individual farmer's elastici
Ymorist [56]

Answer:

The correct answer is option C.

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The market demand curve, on the other hand, is downward sloping. So whatever be the market elasticity of demand, the elasticity of individual firm will be infinite.

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