Vilfredo Pareto (1848-1923) observed that most of the wealth of a country is owned by a few members of the population. Pareto's Principle is
log P = log c − k log W
where W is the wealth level (how much money a person has) and P is the number of people in the population having that much money.
(a) Solve the equation for P.

Question

Vilfredo Pareto (1848-1923) observed that most of the wealth of a country is owned by a few members of the population. Pareto's Principle is
log P = log c − k log W
where W is the wealth level (how much money a person has) and P is the number of people in the population having that much money.
(a) Solve the equation for P.

anonymous · Answer

log(p) = log(c/w^k)
p = c/(w^k)

anonymous · Answer

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