(10) For this problem let f(x) denote the fraction of total income earned by the lowest xfraction of the populace.3(a) Country A has an income distribution given by f(x) = x². Calculate its Gini Index.¼¹½(x¹+x). Calculate its Gini(b) Country B has an income distribution given by ƒ(x) =Index.(c) Which country has a greater degree of income inequality?

Answered: Image /qna-images/answer/a6413311-b1e1-4ae3-b878-deae453d18ca.jpg

Answered: (10) For this problem let f(x) denote…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Similar questions

34. Due to the rising demand for face masks, a manufacturer decides to target a daily profit of PhP 1,000,000.00. If P(x) = 2r+ x- 10 represents average total daily cost at x assumed at PhP 500.00, what is the difference between the daily target profit and average total daily cost? B. PhP 420, 510.00 C. PhP 499,510.00 A. PhP 399, 520.00 105.00 D. PhP 599,
The U.S. Energy Information Administration projected that imports of petroleum products in 2005 would be 4.81 quadrillion Btu and would increase by 5.47% each year through 2020.T (a) Find the function of the model that gives projected petroleum imports in quadrillion Btu, where t is the number of years since 2005, with data from 0 sts 15 P(t) = quadrillion Btu (b) According to the model, when will imports exceed 7 quadrillion Btu? (Round your answer for t to two decimal places.) Imports will exceed 7 quadrillion Btu in t= years which will occur in the year (c) Describe the end behavior of the model as time increases. P(t) increases without bound as t increases. O P(t) approaches a limiting value of 33.67 as t increases. OP(t) decreases without bound as t increases P(t) remains constant as t increases. OP(t) decreases toward 0 as t increases
If y=f(x) graph y=~f(x)
Question #7 - A company sells 60 units a year. The profit function for "X" units is P(x)=-.006x³-0.2x² +900x-1200. A) What is the marginal profit from raising the sales goal at 60 units? B) Is it a good idea to raise the sales goal from 60 to 61? Why?
The marginal cost and marginal revenue of a company are MC (q) = 0.03q² − 1.5q + 35 and MR(q) 25, where q is the number of items manufactured. To increase profits, should the company increase or decrease production from each of the following levels? (a) 25 items: The company should production. (b) 50 items: The company should (c) 80 items: The company should production. production. =

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