2. Assume that you want to decide whether Country A or Country B to live. You have only 14 .2 information about cumulative percentage of income distribution functions of x² + 15 1 x for country A and x +x for country B. A) Which country do you prefer and 15 11, 12 12 why relevant economics theory ? B) Prove your decision numerically, graphically, and with respect to

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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2. Assume that you want to decide whether Country A or Country B to live. You have only
14
x² +
15
information about cumulative percentage of income distribution functions of
1
11
1
x for country A and x2 +x for country B. A) Which country do you prefer and
15
12
12
? B) Prove your decision numerically, graphically, and with respect to
why
relevant economics theory
Transcribed Image Text:2. Assume that you want to decide whether Country A or Country B to live. You have only 14 x² + 15 information about cumulative percentage of income distribution functions of 1 11 1 x for country A and x2 +x for country B. A) Which country do you prefer and 15 12 12 ? B) Prove your decision numerically, graphically, and with respect to why relevant economics theory
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