2. In the specific-factors modeldescribed in the textbook, a decreasein the price of the manufacturingoutputthe marginal benefitof labor in manufacturing, causes thelabor to movemanufacturing, leading tothe MPL in agriculture a. Decreases;from; an increase b. Decreases; from;a decrease c. Increases; to; anincrease d. Increases; to; a decreasein

In the specific factors model, when the price of manufacturing output decreases, the marginal…

Answered: 2. In the specific-factors model…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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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…
6. The Motion Picture Association of America reports a drop-off of video disc sales. The data in the table below shows consumer spending on video discs (DVD, Blue-ray, and UltraHD Blu-ray) in the United States in the years 2015-2018. Year Consumer Spending on video discs (in billions of dollars) 2015 9.1 2016 8.0 2017 6.8 2018 5.8 (a) What was the average rate of change in consumer spending from 2015 to 2018? (Be sure to include units.) (b) Use the average rate of change calculated above to predict consumer spending on video discs in 2020?
school. For each student who does community service, the club earns $5.There are 12 students in the Diego's club earns money for charity when members of the club perform community service after Co minutes) club. The total dollar amount earned, E, is a function of the number of members who perform community service, n. 1. Is 5 a possible input value? Why or why not? 2. Is 24 a possible output value? Why or why not? 3. Describe the domain of this function. 4. Describe the range of this function. If you get stuck, consider creating a table or a graph. ins of Water(
alt 5. The data below shows the population of a city, in millions of people, since 1950. a) Write an equation for the line of best fit. Year Population 1950 1.75 1960 1.68 1970 1.52 b) Estimate the population of the city in 2020. 1980 1.16 1990 1.04 2000 0.98 6. The tahle below chowe the average price of for the
8. Magazine Sales The following table shows the income, measured in thousands of dollars, from sales of a certain magazine at the start of the given year.
An entrepreneur who owns and operates two businesses (A and B) would like to analyze their profitability. They would like your help in the analysis. They give you the annual net profit (in thousands of $) for each business from 2008-2020. Table 1: Annual Net Profits for Businesses A and B Business Year Profit Business Year Profit 2008 -50 2008 -10 2009 57 2009 30 2010 71 2010 27 2011 64 2011 22 2012 60 2012 21 2013 50 2013 20 A 2014 41 2014 24 2015 59 2015 24 2016 71 2016 32 2017 71 2017 36 2018 74 2018 37 019 81 20 40 2020 97 2020 49 a. Suppose you want to graph the distribution of profits. Explain why using only one stem- plot might not be optimal for the analysis. b. Describe the correct stemplot to use. Generate this stemplot. Explain your steps. What can you say about the distribution from this stemplot? c. When are stemplots useful? And why is that? d. Suppose that instead of having 26 observations you have 200 observations. What graph should you generate? e. What other type of…
Use regression analysis on deseasonalized demand to forecast demand in summer 2013. Forecast for summer 2023 ______

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