2. 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 x2 + 15 1 -x for country A and x2 +x...


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 (14)/(15)x^(2)+(1)/(15)x for country A and (11)/(12)x^(2)+(1)/(12)x for country B.


A)Which country do you prefer and why?


B)Prove your decision numerically,graphically, and with respect to relevant economics theory?


2. Assume that you want to decide whether Country A or Country B to live. You have only<br>information about cumulative percentage of income distribution functions of x2 +<br>15<br>1<br>-x for country A and x2 +x for country B. A) Which country do you prefer and<br>15<br>12<br>12<br>why<br>? B) Prove your decision numerically, graphically, and with respect to<br>relevant economics theory<br>

Extracted text: 2. 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 x2 + 15 1 -x for country A and x2 +x for country B. A) Which country do you prefer and 15 12 12 why ? B) Prove your decision numerically, graphically, and with respect to relevant economics theory

Jun 07, 2022
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