17. Models of inventory systems frequently consider the relationships among a beginning inventory, a production quantity, a demand or sales, and an ending inventory. For a given production period j, let * 2, d, beginning inventory for period j (ending inventory from period j-1 production quantity in period j demand in period j ending inventory for period j a. Write the mathematical relationship or model that shows ending inventory as a function of beginning inventory, production, and demand. b. What constraint should be added if production capacity for period j is given by C, ? e. What constraint should be added if inventory requirements for period j mandate an ending inventory of at least 1;?

H3. 1. A new outlet is being planned with an allocated budget of $50,000 per month for advertising and planned average price of $10.00 per pizza. Estimate the monthly sales (number of pizzas) of this outlet.

INTERPRET THE RESULT1) Check for consistency in the relationship between quantity demand and the three explanatory variables as postulated in demand theory by indicating the change in the quantity demanded of the commodity for each unit change in the explanatory variables. 2)Find and interpret the adjusted and the unadjusted coefficient of determination.

In agricultural economics, a “supply response function” describes how supply of a commodity responds to changes in the price of that commodity.  Year  Seeded Area (hectares)  Harvested Area (hectares)  Average Yield (kg per ha)  Production (tonnes)  Price per Tonne ($/tonne)  1966 1,317,000 1,317,000 1,630 2,150,000 65 1967 1,424,000 1,424,000 1,720 2,449,000 60 1968 1,376,000 1,376,000 1,800 2,477,000 48 1969 1,012,000 1,012,000 1,720 1,742,000 46 1970 567,000 567,000 1,465 830,000 52 1971 1,019,000 1,019,000 1,975 2,014,000 50 1972 1,052,000 1,052,000 1,785 1,878,000 68 1973 1,214,000 1,214,000 1,725 2,095,000 158 1974 1,133,000 1,133,000 1,415 1,605,000 147 1975 1,255,000 1,255,000 1,690 2,123,000 130 1976 1,538,000 1,538,000 1,820 2,803,000 103 1977 1,295,000 1,295,000 2,125 2,749,000 98 1978 1,376,000 1,376,000 2,055 2,831,000 133 1979 1,214,000 1,214,000 1,680 2,041,000 170 1980 1,336,000 1,336,000 1,425 1,905,000 203 1981 1,577,900 1,577,900…

N12. Account

(b) The table below shows the price and quantities of smart phones sold by Ventury Sdn Bhd during a three year period. Year Brand M Brand N Brand S Price Quantity Price Quantity Price Quantity (RM) (RM) (RM) 2006 550 400 700 550 430 250 2007 500 350 760 600 450 225 2008 400 300 750 700 455 250 (i) Calculate the Laspeyres Price index for smart phones for each year taking 2006 as the base year. (ii) What is the percentage increase in smart phones prices from 2007 to 2008?

13. According to the graph below, what is the dependent quantity? (TEKS 6.6A, SS, RC2) Red River Discharge Rate - Fargo Station 30000 25000 A. Month 20000 15000 В. 1993 10000 C. Discharge 5000 D. Fargo Station Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Month (1993) Discharge (cu ft/sec)