2. Imagine an economy with only two people. Larry earns $20,000 per year, while Roger earns $80,000...

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2. Imagine an economy with only two people. Larry earns

$20,000 per year, while Roger earns $80,000 per year. As shown in the following figure, the Lorenz curve for this twoperson economy consists of two line segments. The first runs from the origin to point

a, while the second runs from point a to point

b. [LO18B.1]

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Microeconomics

ISBN: 9781108420969

15th Canadian Edition

Authors: Campbell R. Mcconnell, Stanley L. Brue, Sean M. Flynn, Thomas P. Barbiero

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