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

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

The marginal revenue function for a manufacturer's is a of form (a)/(e^(q)+b) where a and b are constants.

A)Derive the demand function.

B)Analyze the features of function elements of a and b.

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

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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
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