Examlex
Suppose the average costs of a mining operation depend on the number of machines used, and average costs, in dollars, are given by ,
, where x is the number of machines used. What is the minimum average cost? Round your answer to the nearest dollar.
Gini Coefficient
A measure ranging from 0 to 1 that indicates the degree of income inequality in a given population, with 0 expressing perfect equality and 1 indicating maximum inequality.
Income Equality
A situation in which earnings are distributed evenly across a population, minimizing the gap between the highest and lowest incomes.
European Countries
Nations located within the continent of Europe, each characterized by its own government, culture, and economic system.
Means-Tested Programs
These are government assistance programs only available to individuals who fall below a certain income level.