Small businesswomen

Assignment Help Business Economics
Reference no: EM132153397

There are a total of ten (10) citizens living in a certain country. Six (6) are farmers, each of whom earns $200 per year in income. Three (3) others are small businesswomen, each of whom earns $500 per year. The final resident owns a factory, and makes $1,000 per year. This means that the total income in the country is $3,700.

Fill in the following table based on the information given:

Income Group %of total income received

Poorest 20% --------------------------------

Poorest 40% ------------------------------

60% -------------------------------

80% ----------------------------------

100% -------------------------------

Reference no: EM132153397

Questions Cloud

Third-party effects : What are some potential "third-party effects" in the large-scale transferring of water rights from agricultural to urban areas?
Define challenges of the other leaders : A summary of the leadership challenges this leader would face in assuring the system changes necessary to be prepared for the next pandemic.
Discuss the different modes of transparencies : Transparency is defined as the concealment from the user and the application programmer of the separation of components in a distributed system.
What do these values mean with respect to inequality : What do these values mean with respect to inequality? (The area between the Lorenz curve and the outside of the box is 0.33 for 1990 and 0.27 for 2000).
Small businesswomen : There are a total of ten (10) citizens living in a certain country. Six (6) are farmers, each of whom earns $200 per year in income.
Does a transaction processing system produce information : Provide three examples of digital products that can be directly delivered from the firm to the customers over the Internet.
Sport shoes industry is an oligopoly market : Sport shoes industry is an oligopoly market. If Nike cuts the product price, how will Adidas react? In contrast, if Nike raises the product price
Explain an overview of your selected issue : Create a 12- to 14-Microsoft® PowerPoint® slide presentation about your selected environmental issue. Include the following in your presentation.
Dollar value of net benefit to each family : If only four families' preferences (willingness-to-pay amounts) are used when deciding how much wilderness to preserve, AND if the cost of preservation

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd