- Question 45 Demand Curve For Labor Input Is A Directly Proportional To Output Price And Quantity Of Output Highly Elasti 1 (38.95 KiB) Viewed 76 times
Question 45 Demand curve for labor input is a directly proportional to output price and quantity of output highly elastic demand curve for final product O marginal revenue curve of the final product O derived demand from the marginal product of labor and price of the final goods Question 46 The Lorenz curve is used to describe the economic growth rate of a particular country the level of poverty in any particular country O the income distributional pattern of a particular country standard of living of the citizens of a particular country Question 47 The Gini coefficient derived from the Lorenz curve) is a measure of O degree of income inequality of a particular country The poverty level of a particular country O degree of standard of living of a particular country O level of unemployment rate of a particular country