Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have incomes of $200,000 each and ten families have incomes of $22,000 each.

In which community is the distribution of income more equal?

Which distribution of income would Rawls prefer? Explain.

Which distribution of income do you prefer? Explain.

Why might someone have the opposite preference?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91343523

Have any Question?


Related Questions in Business Economics

Determine the sample size n needed to construct a 99

Determine the sample size n needed to construct a 99?% confidence interval to estimate the population mean when σ=24 and the margin of error equals 9.

A survey of 1272 pre-owned vehicle shoppers found that 8

A survey of 1272 pre-owned vehicle shoppers found that 8% bought the extended warranties. What is the population and what is the sample?

A lottery game has balls numbered 1 through 19 what is the

A lottery game has balls numbered 1 through 19. What is the probability of selecting an even numbered ball or a 9

Two products are manufactured by a company product 1 brings

Two products are manufactured by a company. Product 1 brings a profit of $48 per unit and product 2 earns a profit of $36 per unit. There are 120 1b. of raw material on hand. For production, each unit of Product 1 requir ...

1 in the united states many agricultural products such as

1. In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsidizing these products? Instructions:  You may select more than one answer. Click the box w ...

As noted in chapter 14 of aampa distribution of income

As noted in Chapter 14 of A&A, distribution of income among various population groups followed roughly the same patterns in the USA, Sweden, and the former Soviet Union, despite the very different forms of economic organ ...

First two questionsdemand qdnbsp 175-5psupplyqsnbsp 1923p -

First two questions, Demand: Q d  = 175-.5*P Supply:Q S  = 1.923*P - 163.462 There is a $50 unit tax on the supplier side. what is the new equilibrium price? I know the new price is 179, looking for the formula explainin ...

In an inquiry into the nature and causes of the wealth of

In an inquiry into the nature and causes of the wealth of nations, Adam Smith listed three reasons for productivity to increase with specialization. What are these three reasons?

A car company claims that the mean gas mileage for its

A car company claims that the mean gas mileage for its luxury sedan is at least 24 miles per gallon. A random sample of 7 cars has a mean gas mileage of 23 miles per gallon and a standard deviation of 2.4 miles per gallo ...

Under what circumstances would lras and sras have the same

Under what circumstances would LRAS and SRAS have the same slope?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As