The Diagram Below Shows the MRP Curve for a Firm

question 120

Multiple Choice

The diagram below shows the MRP curve for a firm producing copper plumbing pipe.The factor of production being considered here is hours of labour.
FIGURE 13- 2
-The diagonal line on a Lorenz curve diagram represents

• A)the percentage of income received by the top 50% of families.
• B)the degree of inequality in the distribution of income.
• C)the dollar incomes of the bottom 50% of families.
• D)the percentage of income received by the bottom 50% of families.
• E)where the Lorenz curve would be if there were complete income equality.

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