MVQ


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MVQ

ISO 4217 code for the old Maldivian rufiyaa. It was issued in 1947 and was replaced by the current rufiyaa (code MVR) in 1981.
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Mean price and MVQ when blending occurs are, therefore, given by [Mathematical Expression Omitted] and [Mathematical Expression Omitted], respectively.
However, because mean quality increases under any SSD that is not a mean preserving contraction, and because of the concavity of P(x), a mean increasing SSD decreases MVQ.
This gives an average unit value (AUV) of [Mathematical Expression Omitted], while MVQ and AVQ equal [P([x.
Also, unlike the [Mathematical Expression Omitted] case, MVQ decreases under an SSD in quality because an SSD increases [Mathematical Expression Omitted] which results in a decrease in [Mathematical Expression Omitted] due to concavity.