Assume that you want to decide whether Country A or Country B to live. You have only information about cumulative percentage of income distribution functions of 144x² + 15 15 x for country A and 114x²+12x for country B. A) Which country do you prefer and B) Prove your decision numerically, graphically, and with respect to why? relevant economics theory?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Assume that you want to decide whether Country A or Country B to live. You have only
14
information about cumulative percentage of income distribution functions of -x² +
15
Ex for country A and x +x for country B. A) Which country do you prefer and
15
12
12
why ?
relevant economics theory ?
B) Prove your decision numerically, graphically, and with respect to
Transcribed Image Text:Assume that you want to decide whether Country A or Country B to live. You have only 14 information about cumulative percentage of income distribution functions of -x² + 15 Ex for country A and x +x for country B. A) Which country do you prefer and 15 12 12 why ? relevant economics theory ? B) Prove your decision numerically, graphically, and with respect to
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