(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

A poster consists of a printed area and margins(See image). The area of the entire poster is A = 600 square inches. The goal is to find the dimensions and y that maximizes the printed area. A = 3" The area of the printed part, as a function of x and y is Now, A'(x) = X = y = Use the substitution principle to rewrite the area as a function of x. Hint: You are given the area of the total poster. A = A(x) = To determine optimal values, we need to look at A'(x) = 0. Solving for x and, ultimately for y, yields inches inches 2" X O 2" one ore. te y What is the maximum area of the printed part? A = C 3" square inches
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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