3. Consider two communities. In Middletown, two families earn $40,000 each, six families earn $50,000 each, and

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3. Consider two communities. In Middletown, two families earn $40,000 each, six families earn $50,000 each, and two earn $60,000 each.

In Polarity, four families earn $10,000 each, two earn $50,000 each, and four earn $90,000 each. Which community has the more unequal distribution of income? Explain your response.

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Principles Of Microeconomics

ISBN: 9780393935769

1st Edition

Authors: Dirk Mateer, Lee Coppock

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