1. The curved line represents the distribution of cumulative % of income among individuals arrayed by fifths or quintiles.
2. According to the table the highest fifth of the population receives 50.1% of the income.
3. The lowest fifth receives 3.5% of the income.
4. The straight line represents the ideal or equal distribution of income among individuals. The further away the curved line is from the straight line, the more unequal the distribution of income in the population under study is.
Answer:
True
Explanation:
Based on the information given we were told that Martha does not recognize gain or loss on the distribution and takes a:
Basis in the cash of $40,000 which is TRUE because we were told that MMM distributes $40,000 cash to Martha
Basis in the receivables of $10,000 which is TRUE because we were told that she has an outside basis of $50,000 with distributed cash of $40,000 and accrual-basis accounts receivable of $20,000. Therefore the basis in the receivable of $10,000 is calculated as:
Cash $40,000 + Account receivable $20,000=$60,000
Hence,
$60,000- Outside basis $50,000
=$10,000 Basis in the receivable
Answer:
The answer is A.
Explanation:
An introduction of a substitute good or service will increase price elasticity of demand of its substitute meaning the competition is stiffer.
So Diet coke cannot increase its revenue by an increase in price because if this happens, consumers will shift to Pepsi one due to a lower price. This is the law of demand(the higher the price the lower the quantity demanded)
The answer is going to be B. The social benefit is less than the private
True, the opportunity cost of attending college does include the income that you could have earned at a full-time job