Engineering Economy (17th Edition)
17th Edition
ISBN: 9780134870069
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Chapter 14, Problem 4P
To determine
Ranking the alternatives.
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A very small town has only 15 households and they have the following annual incomes:
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$80,000.
Based on this information, answer the following:
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U.S. income distribution for 2011? Compared to the U.S. does this city have higher or lower income inequality?
(In 2011, the bottom quintile of the income distribution received 3.2% of income and the top quintile, 51.14%)
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Chapter 14 Solutions
Engineering Economy (17th Edition)
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