14. In the following table, profit earned is given from the number of companies belonging to two areas A and B. Draw in the same diagram their Lorenz curves and interpret them. Profit earned (in thousands) 5 26 65 89 110 155 180 200 Number of Companies Area A 7 12 14 28 33 25 18 8 Area B 13 25 43 57 45 28 13 6

14. In the following table, profit earned is given from the number of companies belonging to two areas A and B. Draw in the same diagram their Lorenz curves and interpret them. Profit earned (in thousands) 5 26 65 89 110 155 180 200 Number of Companies Area A 7 12 14 28 33 25 18 8 Area B 13 25 43 57 45 28 13 6

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 38CTQ: Explain a situation using the supply and demand for skilled labor 111 which the increased number of...

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