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Amounts and percentages of total income are received

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Assume that Al, Beth, Carol, David, and Ed receive incomes of $500, $250, $125, $75, and $50, respectively. Construct a Lorenz curve for this five-person economy. What amounts and percentages of total income are received by each quintile?

Side note: I tried making the Lorenz curve asked for in Excel and kept on hitting roadblocks. Any suggestions on how to properly graph this inside Excel?

Reference no: EM132519739

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