What is the lorenz curve, Explain the difference between

What is the lorenz curve

Reference no: EM132481967

Answer the following questions:

Question 1: Explain the difference between fixed-production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with-fixed production technology? Should they do that in industries with variable technology?

Question 2: What is the Lorenz curve? What does the Lorenz curve in Exhibit 2 illustrate?

Reference no: EM132481967

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