Refer to the Information Provided in Table 2 -Refer to Table 2

question 47

Multiple Choice

Refer to the information provided in Table 2.1 below to answer the following question(s) .
Table 2.1
$$\begin{array} { | c | c | c | } \hline & \text { Krystal } & \text { Mark } \\\hline \text { Writing Poerss } & 8 & 12 \\\hline \text { Writing TV Cornnercials } & 2 & 4 \\\hline\end{array}$$
-Refer to Table 2.1. To maximize total production,

• A) Krystal should specialize in writing TV commercials, and Mark should specialize in writing poems.
• B) Mark should specialize in writing TV commercials, and Krystal should specialize in writing poems.
• C) Krystal and Mark should both split their time between writing poems and writing TV commercials.
• D) Krystal should write poems and write TV commercials, but Mark should only write poems.

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Definitions:

Perfect Equality

A theoretical state where all individuals have exactly the same income or wealth, eliminating disparities.

Income Distribution

The way in which total income is spread amongst the population or different groups within a society.

Lorenz Curve

A diagrammatic representation that exhibits how wealth or income is distributed among people in a society, underscoring the existing inequalities.

Gini Ratio

A scale measuring the degree of income difference among people in a demographic, with 0 symbolizing perfect equity and 1 symbolizing utter inequity.