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### Question #2000451: Other Economics Problems

Question: Find the Gini index for the given Lorentz curve $L(x)=-0.55{{x}^{2}}+0.45x$ Solution: The solution consists of 28 words (1 page)Deliverables: Word Document

### Question #2001091: Other Economics Problems

Question: Rosy's Chicken Wings is a price taker. The costs are: a) What is Rosy's profit-maximizing output? b) How much economic profit does Rosy make if the market price per…

### Question #2001118: Other Economics Problems

Question: In state of nature 1, the individual has income w; whereas in state of nature 2, the individual’s income is $$y<w$$. The probabilities that these states will occur are…

### Question #2001439: Other Economics Problems

Question: Suppose that the demand curve for bicycles in New York City during the Fall is given by the following equation $${{Q}_{D}}=136-P$$; and the supply curve for bicycles in NYC…

### Question #2002598: Other Economics Problems

Question: Assume a firm has only one variable input, labor. Explain how the shapes of its marginal product and average product of labor curves affect the shapes of its average…