Many grab-and-go foods that consumers purchase come in plastic packaging. These forms of packaging are bad for the environment.
September 3, 2020
Why do consumers make choices when they acquire something (jobs, money, friends, vacations, sleep, living places, etc.)?
September 3, 2020

Consider the following table with individuals in a country and their incomes. Fill in the following table:

Individuals

Income

% of income recipients

% of Income

1

$4

10%

2

$8

20%

3

$16

30%

4

$20

40%

5

$28

50%

6

$40

60%

7

$44

70%

8

$60

80%

9

$80

90%

10

$100

100%

100%

Total

$400

Draw the Lorenz curve for this country:

100% 90% 80% 70% 60% 50%

% of income 40%

30% 20% 10%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % of income recipients

KM
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