Figure 333 Illustrate Four Different Lorenz Curves

question 116

Multiple Choice

Figure 33.3 illustrate four different Lorenz curves.Assume Brazil has a larger Gini coefficient than the United States.If the income distribution for the United States is represented by curve C,which curve would must represent the income distribution for Brazil?

• A)A.
• B)B.
• C)C.
• D)D.

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Definitions:

Fixed Costs

Expenses that do not change as a function of the activity of a business, within the relevant period.

Break-Even Point

The level of sales at which total revenues equal total costs, resulting in no net loss or gain.

Sales Mix

The composition of a company’s product or service sales, showing the relative proportions of each product or service sold.

Net Income

The total revenue minus total expenses, indicating the profitability of a company over a specific period.