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 onlyinformation about cumulative percentage of income distribution functions of x2 +151-x for country A and x2 +x for country B. A) Which country do you prefer and151212why? B) Prove your decision numerically, graphically, and with respect torelevant economics theory

People's perspective to live in one country depends on social and economic conditions. If we take…

Answered: Assume that you want to decide whether…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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
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

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