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A Lorenz curve showing perfect equality in the distribution of income:

  The production possibilities table given below shows how many bushels of either wheat or rice can be produced in India and Canada with 1 unit of input. To achieve gains from specialization:   Country Wheat (Bushels) Rice (Bushels) India 10 10 Canada 40 20

Refer to the above graph. Under monopsony in the hiring of labor services, the wage rate will be:

Which of the above shows the correct relationship between demand and marginal revenue for an imperfectly competitive firm? 

Refer to the above diagram. All data are for the short run. Which of the following statements is correct? 

College graduates will earn about $1,000,000 more over their lifetime than high school graduates. This number __________ the true value of college, because of _______.

A single-price monopolist has the following equations representing its marginal cost and demand curves:                                            Qd = 800 – 1/3 P MC = 2Q If this firm engages in perfect price discrimination, how much consumer surplus will exist?

(Bonus – 1 point) Effects of iodinated contrast agents are dependent upon the level of the agent in the ________.

(Bonus – 1 point) Name an organism that might cause infectious colitis as seen in the image below. There are at least several correct answers.

Bonus: Name one function of hepatocytes and one function of Kupffer cells in the liver. Also describe the specific location of each within the liver (worth 2 points).