A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000,
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The lowest quintile received $22,000.
Data and Calculations:
The number of golfing buddies = 10
A. = $10,000
B. = $12,000
C. = $16,000
D. = $20,000
E. = $24,000
F. = $32,000
G. = $38,000
H. = $56,000
I. = $70,000
J. = $120,000
Total - $398,000
The lowest, first, or bottom quintile is between 0 to 20%.
Thus, the lowest quintile received $22,000 ($10,000 + $12,000) from the income distribution.
Learn more: lowest quintile here: brainly.com/question/2392523
<span>When bic introduced disposable razors, the product and market met several criteria for using market-penetration pricing.</span>
Answer: the market supply to shift inward, driving the equilibrium price higher.
Explanation:
An increase in input prices will result into a rise in the production costs. This will result in a leftward shift of the supply curve.
Therefore, the market supply will shift inward, driving the equilibrium price higher. This simply means that there will be lesser supply of the product and hence, increase in price.
Answer:
I. Never stand still
2. Do more than is Required of you
3. Think as a team Member, Not an Employee
4 Speak up and share your ideas
5 Fake it till you make it
6. Consider every opportunity
7. Always be prepared
8. Be Self-Pronotional
Explanation:
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