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Show inequality in wages in two different firms using Lorenz Curve approach, given the following data: |
Answer» Solution :Estimation of Cumulative Sum and PRECENTAGE   Observations: Both in firm A and firm B distribution of wages is far firm EQUAL. However, INEQUALITY is more pronounced in case of firm B than firm A as the LORENZ curve for firm B is FARTHER away from the line of equal distribulation. |
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