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The accompanying table shows income distribution for three countries:
a) Using this information, draw a Lorenz curve for each country. Remember to convert the above table into a cumulative % (see attached Lorenz curve file).
b) Which country has the most equal distribution of income?
c) Which country has the least equal?
d) What do you think is the cause(s) of the difference?
Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.
Illustrate what inconsistent other than price appear ro have the biggest impact on the demand for McDonald's products.
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The income tax is unfair to those who work hard to earn their incomes is an example of positive economic analysis.
explain how many car companies will buy a new car assembly machine. Interest payments are made once a year.
Illustrate what is Great Reception's profit when producing at the profit-maximizing output
Why do people routinely stuff themselves at all you can eat buffets Explain in terms of both utility also demand theories.
Elucidate how the asset demand for money as a green line draw the transactions demand-for-money curve.
A firm can determine how many resource units to acquire by comparing Marginal Revenue Product and Marginal Factor Cost, then continuing to acquire another unit so long as its MRP exceeds, or at least is no worse than, its MFC.
Suppose that tax and aggregate expenditur income for an economy. Illustrate what is the change in taxes cause by an increase in government spending.
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