A study conducted by a certain state determines that the Lorenz curves for high school teachers and

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A study conducted by a certain state determines that the Lorenz curves for high school teachers and real estate brokers are given by the functions

L1(x) = 0.67x4 + 0.33x3
L2(x) = 0.72x2 + 0.28x

respectively. For which profession is the distribution of income more equitable?

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Related Book For  answer-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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