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Calculate the gini coefficient and the coefficient of variation for each of the following distributions. [Hint: It will save significant time if you make use of theinequality principles (population, relative income, etc.) to simplify where possible.]
a. Two people earn 3, one earns 6, and three earn 15.
b. 2 million people earn 3, 1 million earn 6, and 3 million earn 15.
c. 2 million people earn 3,000, 1 million earn 6,000, and 3 million earn 15,000.
d. 250 million people earn 600, 1 billion people earn 300.e.The richest 20% earn 20% of the income. [Hint: it may help to draw the Lorenz curve.
What are the key contributions of small business to the U.S. economy? Rank the benefits in terms of importance, and provide the reasons for your ranking.
Suppose that a bank has assets: some required reserves, some excess reserves, some loans, and some securities. If they change their strategy, by how much can they increase their loans?
a) What is Terms of Trade? How is it computed? Explain with an example. b) What is Comparative Advantage? Explain with an example of a two-country and two-commodity model.
Compare and contrast the global marketing strategies of Samsung, Sony and Phillips after listing two or three elements of each company's global marketing strategy.
What are some problems that stress has created in the workforce? How could having a job during college create added stress into a college student's life? What are some stress warning signs? What are some stress management techniques you can utilize i..
The profitability of the leading cola syrup manufacturers, PepsiCo and Coca Cola, and of the bottlers in the cola business is different. PepsiCo and Coca Cola enjoy 81 operating profit as a percentage of sales; bottlers experience only 15 operatin..
Captain Caine has a charter fishing boat named Bounty. He runs excursions for tourist to fish for either tuna (T) or marlin (M). The following equation represents the Bounty’s PPF for a typical month: T = 60 – 1.5M a. Graph the PPF for the Bounty..
Of the top 20 global brands, 14 of them (70 percent) are from United States-based corporations. What effects might this weighting have on the global consumer community? Women’s inequality in housework varies between nations. Discuss some of the reaso..
When the American Telephone and Telegraph Company (AT&T) was recently building a new, multistory complex in downtown Kansas City, the work site was probably inspected for hazardous conditions by personnel from the
Construct a response to the Federal Reserve actions aimed at lowering long-term interest rates
determine what would happen to total revenue if a firm raised its price in each elasticity range identified.
q1. assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in
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