A study conducted by a certain state determines that the Lorenz curves for high school teachers and
Question:
A study conducted by a certain state determines that the Lorenz curves for high school teachers and real estate brokers are given by the functions
L1(x) = 0.67x4 + 0.33x3
L2(x) = 0.72x2 + 0.28x
respectively. For which profession is the distribution of income more equitable?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
The Gini index for high school tea...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
Question Posted:
Students also viewed these Mathematics questions
-
Income distribution. The government of a small country is planning sweeping changes in the tax structure in order to provide a more equitable distribution of income. The Lorenz curves for the current...
-
In a certain state, the Lorenz curves for the distributions of income for lawyers and engineers are y = L 1 (x) and y = L 2 (x), respectively, where Find the Gini index for each curve. Which...
-
Case Swimmers Headphones1 Finally! Its the end of 2019 and you are sitting at your new desk in a plush office in north Bogota, with a delicious cup of Colombian coffee. You think about all it took to...
-
A soil sample was found to have a CEC of 24.0 cmol c kg -1 . Important: note that a cmol is not the same thing as a cmol c for divalent and trivalent ions! A. How many cmol c kg -1 of Al 3+ would be...
-
Compute the expected return and standard deviation given these four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth Slow growth Recession...
-
Indicate the effect of the following transactions on working capital requirement (WCR), net operating cash flow (CFOPE), cash flow from investing activities (CFINV), cash flow from financing...
-
48. Jarvie loves to bike. In fact, he has always turned down better-paying jobs to work in bicycle shops where he gets an employee discount. At Jarvies current shop, Bad Dog Cycles, each employee is...
-
At December 31, the end of Chilton Communications third quarter the following stockholders equity accounts are reported: Common stock, $ 10 par value . . . . . . . . . . . . . . . . . . . . . . . . ....
-
Audit "Throw Down What do you mean the federal government can't get a clean audit opinion from the GAO? Can an audit be truly independent if the client the client is paying the firm? Are our current...
-
You are given the following information concerning four stocks: a) Using 20X0 as the base year, construct three aggregate measures of the market that simulate the Dow Jones Industrial Average, the...
-
A study suggests that the distribution of incomes for social workers and physical therapists may be represented by the Lorenz curves y = L 1 (x) and y = L 2 (x), respectively, where L 1 (x) = x 1.6...
-
The population (in thousands) of a certain city t years after January 1, 2005, is given by the function What is the average population of the city during the decade 20052015? P(t) = 150e0.03t 1 +...
-
General Housing Assistance was incorporated as a nonprofit organization that provides low-cost housing for families who have been economically dislocated because of the downsizing of a company or the...
-
If the dose rate from a sample of Ga-67 is 0.052 mSv per hour at a distance of 1.1 m, then what would be dose rate at 3.5 m ?
-
A 1.6x10^9 p/s point source of Po210-Be source of 4.5 MeV is stored behind a X cm of paraffin, the dose equivalent rate is not to exceed 0.10 mSvh-1h at a distance of 1m. What is the X cm needed to...
-
X 10 Let A = -9 y 7 4 Z 210 If the kernel of A contains the vector what are x, y, and z? -2
-
8-22. E.O.Q., Carrying cost = Storing cost + Interest. Following data are available with respect to a certain material. Annual requirement.......... Cost to place an order.. Annual interest rate. _...
-
A new company started production. Job 1 was completed, and Job 2 remains in production. Here is the information from the job cost sheets from their first and only jobs so far: Job 1 Hours Total Cost...
-
The following data represent the cost of tires (in dollars) along with a variety of potential explanatory variables. Slalom time is the amount of time it took for a 3-series BMW to get through a...
-
Write each fraction as a percent. 7 50
-
Flonase is a nasal allergy treatment; like all drugs, it has side effects. Before approving it, the company (GlaxoSmithKline) performs a number of experiments to determine the drugs side effects. In...
-
Simco Inc. is a manufacturer that purchased a new piece of equipment designed to reduce costs. After several months of operation, the results were quite unsatisfactory. The operations manager...
-
Obesity among children in North America is said to be at near-epidemic proportions. Some experts blame television for the problem, citing the statistic that children watch an average of 26 hours per...
-
Product Weight Sales Additional Processing Costs P 300,000 lbs. $ 245,000 $ 200,000 Q 100,000 lbs. 30,000 -0- R 100,000 lbs. 175,000 100,000 If joint costs are allocated based on relative weight of...
-
The projected benefit obligation was $380 million at the beginning of the year. Service cost for the year was $21 million. At the end of the year, pension benefits paid by the trustee were $17...
-
CVP Modeling project The purpose of this project is to give you experience creating a multiproduct profitability analysis that can be used to determine the effects of changing business conditions on...
Study smarter with the SolutionInn App